$DVN - Daily

Could be putting in an Island reversal here on daily above the 1.618 ext and approaching R3 below the 200 MA. Weekly bounce off S2. The ideal short would be at 50.46 which is the 61.8 retracement from the high.

RSI at 76 and CMF is at 85.43 - warrants at least a pull back..

I would buy May 32P's and expect the trade to work within 1-2 days, if not, bail.