DNR not going up for a long time. Looking at the trends - barely recognisable - and the candle sticks, I don't think DNR is going up for the coming weeks/months. Wondering what you think?
Disclaimer: am a newbie, so also here to learn. Happy to receive constructive feedback.
DNR
Is it going to jump off again? Waiting for take off.Sliding on the support, MACD and RSI looking promising. Let's see what happens next.
DNR - (ABCDE) Time to close the daily gapHello everyone, we have ABCDE pattern very clear on the chart and what we want to see in order for the pattern to be correct is a strong impulse wave to start from 0.2950 - 0.3000. Oil had somewhat recovered, SP500 and NASDAQ have also risen +2% and we are falling together with the other oil penny stocks, which I think is just the opposite that we should have seen. Countries around the world are lifting the quarantine, which should bring some positivity and make the prices go up of most stocks. As for why I think that DNR will rise fundamentally:
- DNR have hedge position on oil that expires at the end of the year.
- DNR has little short-term debt, so I do believe we will survive.
- DNR is volatile with a lot of volume. If we do see oil stocks rise, we will be in the top 5 biggest gainers.
- DNR made profits before the crisis, so this should give hope to investors in the long-run.
I wish you all good luck!
Go Long DNRRSI back to oversold and ready for u turn, lowest it can go further is around 14 area. But this is a good start position.....
Another Denbury Buy Signal!Oil just had the best January on record, and The United States is now the leading producer and exporter of oil in the world! Danbury had a strong earnings report, and the future is bright for the U.S. based oil company! The Megalodon is giving us another buy sign!
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Denbury a Great Value Stock?Oil just had the best January on record! With sanctions on oil in Venezuela, trade talks with China, and momentum on it's side... Denbury could be a great option in the industry! The Megalodon Indicator is giving us a buy sign! Time to think about taking a position in Denbury! For information on how to try out the Megalodon indicator for yourself, send me a message!
The DNR exchange rate is decreasing. The decline in the exchange rate has not yet been completed. Based on ATR calculations, 86.7% of the 6.83 usd peak is expected to be down. This level could be 0.93 usd. This is considered to be the level of circulation. From here we expect an ascent, which means building a double wave structure. The second rising wave structure may emerge from a side band. The size of this sidebar may be between 2.23 and 3.61. Then, a repeat rise with a target price of 4.45 usd. This means a 380% increase in the level of correction. Briefly, trading started near the level of correction, and its profitability is high.
DNR Cup and handle weeklyMy thoughts on this: i would buy retest on handle..
Weekly rounding bottom DNR.
MY Bullish Case for DNRDNR while a smaller cap stock, looks prime to BO riding the newfound rally in crude. I hear a lot of traders calling for a PB here in crude, but I am seeing 62.75ish in light sweet before it tests any support. Reason for this is the fact that fibs on crude show the 127 is hit and the 161 is next. Usually the 127 is like a wall where the PA bounces off, but this action has traded a little more sideways than retracing...
Of course I could be way off going against the grain, but that is what we strive for right? Lead the pack not follow. Anyone can chase others, but leading the pack not only provides skill honing but a need to be more accurate every time.
DNR - Support and Resistance Hello,
Check this out. If you are in DNR you might want to jump out, as resistance is holding the stock back. There will be a time to get back in, so stay tuned!
$DNR if you're looking for an entry it would be around here. I think the price is going to dip a little in order for momentum to reset, personally i'm looking for another entry around 3.20 to pick up a little more. Will re-evaluate when that time comes to see if its still a good entry but for now thats my plan.
DNR Bullish in the long termThe larger fib retracement tool is drawn from the previous high (not all time high), but when the energy sector starts its decline. The smaller fib is recent low with the market crash, and they both seems to be overlapping at the recent peak. If we break out of that point, we should expect a move to a higher fib and we can always use the current fib as a stop loss target.
Volume profile is showing we are on the rise, bullish in all Wave A,B,C different timeframe. This can be a hedge against inflation as oil price tend to stress upward.
This is a chart of 1D, so do not expect the price to jump up too much.
Good luck!
DNR range bound crude oil is slowly recovering as Opec cuts slowly. get in low debt companies as they will become cash positive in 2018.. then transfer to renewables.. NYSE:DNR
Long term DNR elliot wave4th wave could still be underway, 5th wave to begin just before nov at 3.50. 5+?
DNR moving up on higher oil and ER surpriseIm expecting price to bob between the .382 and . 5 retracements
Accumulation signs on DNR, test confirmed1/2/3 - Accumulation signs: down bar on increasing volume that close off their lows
4 - Strong sign of strength: after a series of tight closures on high volume, this candle touches new lows but demand enters and the candle closes up on ultra high volume. Next candle closes higher and confirms that the volume was buying activity
5 - Effort to rise candle on ultra high volume: after this kind of candle market usually rests to test the possible presence of sellers
6 - The price touches new highs but the candle closes on its lows on increasing volume: there are still sellers
7 - Price retraces but down candles have decreasing volume. The next candle closes higher on increasing volume (buying activity) and the next candle confirms the presence of buyers
8 - Failed test of supply: the volume is high so there are still sellers
9 - Confirmed test
10- The company decides to cut its dividend and the price falls on ultra high volume, but the net candle closes higher, touches new lows and volume is low (test). If all the activity in that wide candle was selling, how could the next candle close higher? The smart money could have used the bad news to accumulate the stock
11 - This candle confirms the test, This is a sign of strength and a possible long entry
