Zulu_Kilo

DVN - perfect technical setup

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NYSE:DVN   Devon Energy Corporation
We have a perfect bullish breakout, with 21 EMA just crossing the 55 EMA, with both the 21 and 9 above the 55 EMA. Just took out the swing high... This is an easy 8% play.

We have an almost perfect alignment of 1.618 retrace from swing low to the swing high we just took out, and a 1:1 swing based retrace aligning right at the $10.70 mark.
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