Dec. 11 at 10:27 PM
Actionable Trade Alert for
$CVX:
Market Context:
$CVX is currently trading at
$151.65, positioned between its 60D high of
$161.3 and low of
$147.66. The RSI at 53.92 indicates a neutral stance, suggesting potential for upward movement without being overbought.
Directional Bias: The price is below both the 30-day MA (152.46) and 50-day MA (152.92), indicating a slight bearish trend. However, the proximity to the 60D low suggests a potential reversal opportunity.
Trade Plan:
- Suggested Entry:
$152.00 (slightly above the 30-day MA)
- Stop Loss:
$148.50 (below the 60D low for risk management)
- Take Profit Targets:
1.
$157.00 (3.5% gain)
2.
$161.00 (6.2% gain)
3.
$177.00 (16.7% gain)
With a well-placed stop loss and three take profit targets, this trade offers a potential ROI of over 17% on the third target. Monitor market conditions closely.
For more insights, visit https://privateprofiteers.com.
https://privateprofiteers.com
