Technical Snapshot
Swing Trader Notes
- Two entry points are typically provided to accommodate for different trading styles and risk tolerances.
- All entry signals will be canceled once opposing support or resistance areas are hit. Alternate entries can be taken at the current price, without a retracement to support or resistance, using a tighter stop loss.
- Using support/resistance levels as ‘levels of interest' and waiting for evidence of buying or selling pressure at these levels before taking action is likely to enhance the odds of success.
- Once one support area is broken, the expectation is that price will likely to trade lower to the next support area. Similarly, once one resistance area is broken, the expectation is that price will likely to trade up to the next resistance area.
- Once profit starts accumulating in a position, it's prudent to manage the trade using trailing stops or other personal risk management techniques to avoid giving back any accumulated profits.
Prior Edition Recap: 11.3.25-11.16.25
- BA: price triggered entry after breaking below its 198.30 confirmation point and is moving toward its initial target support range from 187.60-183.50, though it hasn't reached it yet. The idea remains intact as long as price stays below 226.19.
- RBLX: price triggered entry after breaking below its 111.20 confirmation point, reaching its first target, and then reversing slightly higher just above its second target from 96.20-91.65. The idea remains intact as long as price stays below 141.95. Stops should be trailed to protect accumulated profits.
- CCJ: price retraced toward its initial downside support range from 87.60-80.53 and closed last week within this level. If this area holds, price will likely retest the recent 95.15 swing high, followed by the 110.16 all-time high with a break above it. If price breaks below this initial range, it will likely test the next level of support just beneath from 75.55-68.96. The trade idea will be invalidated if price trades below its 68.96 invalidation point.
- VLO: price triggered entry after breaking above its 173.80 confirmation point and hit its first target at the 184.80-180.75 resistance range. If price continues higher and breaks above 184.80, it will reach new all-time highs with no price resistance overhead. Stops should be trailed to protect accumulated profits.
- MPC: price retraced toward its initial downside support range from 182.40-177.00, triggering entry and then reversing higher toward its first target at the 201.35-196.25 resistance range. If price continues higher and breaks above 201.35, it will likely begin making its way toward its second target from 215.25-210.10.
Technical Levels to Watch
TSLA: Tesla Inc
- Action: SHORT
- Technical Reason: the Weekly trend has begun correcting lower as the Daily trend has turned lower, forming two new levels of overhead resistance where we will look to initiate a short position on a retracement. The first range comes in from 449.67-430.60, followed by 474.07-456.00 above. Alternatively, if price does not fully retrace to resistance, a confirmation entry can be taken on a break below 382.78. A break above 474.07 will invalidate the short thesis. If triggered, targets are the downside support areas: Target 1 from 350.55-325.42 and Target 2 from 308.95-288.75.
- Technical Levels:
- Invalidation Point: short thesis will be invalidated above 474.07.
- Entries:
- Short break below 382.78 (Confirmation)
- Short at 449.67-430.60 (Resistance 1)
- Short at 474.07-456.00 (Resistance 2)
- Targets:
- Target 1 at 350.55-325.42 (Support 1)
- Target 2 at 308.95-288.75 (Support 2)
V: Visa
Inc
- Action: SHORT
- Technical Reason: the Weekly trend has shifted lower, forming two new levels of overhead resistance where we will look to initiate a short position on a retracement. The first range comes in from 344.25-338.25, followed by 355.00-349.25 above. Alternatively, if price does not fully retrace to resistance, a confirmation entry can be taken on a break below 329.03. A break above 355.00 will invalidate the short thesis. If triggered, targets are the downside support areas: Target 1 from 312.25-302.00 and Target 2 from 293.25-287.00.
- Technical Levels:
- Invalidation Point: short thesis will be invalidated above 355.00.
- Entries:
- Short break below 329.03 (Confirmation)
- Short at 344.25-338.25 (Resistance 1)
- Short at 355.00-349.25 (Resistance 2)
- Targets:
- Target 1 at 312.25-302.00 (Support 1)
- Target 2 at 293.25-287.00 (Support 2)
DLR: Digital Realty Trust Inc
- Action: SHORT
- Technical Reason: the Weekly trend has shifted lower, forming a new level of overhead resistance where we will look to initiate a short position on a retracement. This range comes in from 172.47-167.65. Alternatively, if price does not fully retrace to resistance, a confirmation entry can be taken on a break below 156.00. A break above 172.47 will invalidate the short thesis. If triggered, targets are the downside support areas: Target 1 from 148.95-143.85 and Target 2 from 136.65-129.95.
- Technical Levels:
- Invalidation Point: short thesis will be invalidated above 172.47.
- Entries:
- Short break below 156.00 (Confirmation)
- Short at 172.47-167.65 (Resistance 1)
- Targets:
- Target 1 at 148.95-143.85 (Support 1)
- Target 2 at 136.65-129.95 (Support 2)
SLB: Schlumberger
Ltd
- Action: LONG
- Technical Reason: the Weekly trend is attempting to shift higher and, in doing so, is forming a new support range from 36.65-35.69, where we will look to initiate a long position within this range or take a confirmation entry at 37.55 as price begins moving above it. A break below 35.69 will invalidate the long thesis. If triggered, targets are the overhead resistance areas: Target 1 from 40.30-39.20 and Target 2 from 42.45-41.35.
- Technical Levels:
- Invalidation Point: long thesis will be invalidated below 35.69.
- Entries:
- Long break above 37.55 (Confirmation)
- Long at 36.65-35.69 (Support 1)
- Targets:
- Target 1: at 40.30-39.20 (Resistance 1)
- Target 2: at 42.45-41.35 (Resistance 2)
DVN: Devon Energy
- Action: LONG
- Technical Reason: the Weekly trend is attempting to shift higher, forming two new levels of downside support where we will look to initiate a long position on a retracement. The first range comes in from 34.20-33.35, followed by 32.50-31.47 below. Alternatively, if price does not fully retrace to support, a confirmation entry can be taken on a break above 35.89. A break below 31.47 will invalidate the long thesis. If triggered, targets are the overhead resistance areas: Target 1 from 38.90-37.70 and Target 2 from 40.55-39.75.
- Technical Levels:
- Invalidation Point: long thesis will be invalidated below 31.47.
- Entries:
- Long at 34.20-33.35 (Support 1)
- Long at 32.50-31.47 (Support 2)
- Targets:
- Target 1 at 38.90-37.70 (Support 1)
- Target 2 at 40.55-39.75 (Support 2)
Thank you for reading. Please stay tuned for
more insights and updates on December 1, 2025.
-Chris Duhanci, CMT, Briefing.com