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Thursday, 13 September 2018

Diamondback Energy (NASDAQ: FANG): 13 September 2018, Thursday, 5.45pm Singapore Time

Diamondback Energy (NASDAQ: FANG): 
13 September 2018, Thursday, 5.45pm Singapore Time
(Click on Technical Chart above to Expand)

Attached is the updated Technicals for Diamondback Energy (NASDAQ: FANG), one of my most favourite stocks in the US Market. It is the Apple of the Crude Oil-Energy Industry. The immediate support has been re-captured. Defining candle and price as illustrated on technical chart attached. The entire dark green zone is a support zone with buying pressure. The previous gap-down volume circled in light green had been volume absorption. Invisible hands are supporting this stock. This means $138 resistance will break out upwards. Momentum is swinging up, and there are even bullish divergences in momentum now for Diamondback Energy. Bullish. Buy.

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