DVN | Long | Strong EPS & Triangle Breakout Setup | (April 2025)
1️⃣ Short Insight Summary:
Devon Energy (DVN) is showing bullish potential with strong earnings and a breakout forming from a consolidation triangle. With solid fundamentals and positive momentum on the 4H chart, DVN may be gearing up for a strong move higher.
2️⃣ Trade Parameters:
Bias: Long
Entry: Watching for breakout confirmation from triangle pattern on 4H timeframe
Stop Loss: Below triangle support or recent swing low (based on structure)
TP1: $35
TP2: $39
TP3: $44
Final Target: $60–$70 (long-term view)
✅ After all TPs, I usually leave ~5% of the position open to catch any extended move. Upside is unlimited — downside is capped at zero.
3️⃣ Key Notes:
🔹 Fundamentals:
🔹 Revenue:
15B
🔹 Net Income: $2.9B
🔹 EPS: ~$5
🔹 EBITDA: 0.74
🔹 Shares Float: 150M
🔹 Market Cap: ~
20B
Risk: Free cash flow is significantly lower compared to debt levels, which is something to monitor closely.
Despite the debt concern, the company’s earnings per share has been consistently growing — even on a quarterly basis. This shows operational strength and long-term upside.
🔹 Technical Setup:
DVN has been consolidating in a triangle formation and is now showing signs of an upside breakout. Momentum on the 4H chart leans bullish, and if confirmed, the move could target the $44 zone and possibly extend much higher over time.
4️⃣ Follow-up Note:
I’ll be watching how DVN behaves around key resistance. If we break out with volume, I’ll adjust my stop and potentially update the targets. Risk management remains key.
Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible.
Disclaimer: This is not a financial advise. Always conduct your own research. This content may include enhancements made using AI.
1️⃣ Short Insight Summary:
Devon Energy (DVN) is showing bullish potential with strong earnings and a breakout forming from a consolidation triangle. With solid fundamentals and positive momentum on the 4H chart, DVN may be gearing up for a strong move higher.
2️⃣ Trade Parameters:
Bias: Long
Entry: Watching for breakout confirmation from triangle pattern on 4H timeframe
Stop Loss: Below triangle support or recent swing low (based on structure)
TP1: $35
TP2: $39
TP3: $44
Final Target: $60–$70 (long-term view)
✅ After all TPs, I usually leave ~5% of the position open to catch any extended move. Upside is unlimited — downside is capped at zero.
3️⃣ Key Notes:
🔹 Fundamentals:
🔹 Revenue:
15B🔹 Net Income: $2.9B
🔹 EPS: ~$5
🔹 EBITDA: 0.74
🔹 Shares Float: 150M
🔹 Market Cap: ~
20BRisk: Free cash flow is significantly lower compared to debt levels, which is something to monitor closely.
Despite the debt concern, the company’s earnings per share has been consistently growing — even on a quarterly basis. This shows operational strength and long-term upside.
🔹 Technical Setup:
DVN has been consolidating in a triangle formation and is now showing signs of an upside breakout. Momentum on the 4H chart leans bullish, and if confirmed, the move could target the $44 zone and possibly extend much higher over time.
4️⃣ Follow-up Note:
I’ll be watching how DVN behaves around key resistance. If we break out with volume, I’ll adjust my stop and potentially update the targets. Risk management remains key.
Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible.
Disclaimer: This is not a financial advise. Always conduct your own research. This content may include enhancements made using AI.
2 Ways I can help you | Real Trades. Real Edge
1️⃣ The 4 Steps to Improve Your Trading Immediately: tradinggen.services/mohamad-link/
2️⃣ Get trade setups & breakdowns Here: t.me/TradeSimple_with_Mo
1️⃣ The 4 Steps to Improve Your Trading Immediately: tradinggen.services/mohamad-link/
2️⃣ Get trade setups & breakdowns Here: t.me/TradeSimple_with_Mo
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
2 Ways I can help you | Real Trades. Real Edge
1️⃣ The 4 Steps to Improve Your Trading Immediately: tradinggen.services/mohamad-link/
2️⃣ Get trade setups & breakdowns Here: t.me/TradeSimple_with_Mo
1️⃣ The 4 Steps to Improve Your Trading Immediately: tradinggen.services/mohamad-link/
2️⃣ Get trade setups & breakdowns Here: t.me/TradeSimple_with_Mo
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.