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Analysis: #NASDAQ $CDEV

Case 410 #CentennialResourceDevelopment Inc.

DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.

#CDEV 1/4
Chart 1
Weekly Chart: Price closed below #SMA 50 in Nov. 2018 and has never closed back above. Fibs, pivots and synthetic resistances are in perfect harmony. A close above horizontal synthetic 5.4557 targets .....

CDEV 2/4
..... sloping synthetic #resistance at 9.9087 then 13.0898 quickly. Further up the #confluence of 2017 #pivot and #Fib. 0.618 at 14.35/38.

CDEV 3/4
Chart 2
Daily Chart: Immediate resistance is seen at the SMA 20 (0.8480) then the confluence of the SMA 50 and Jan. 2020 #trendline 1.00418 - 1.0623 respectively with SMA 200 at 2.11.

The #Strategy is printed on the image.

$CDEV 4/4
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