Dec. 19 at 3:14 PM
Actionable Trade Alert for
$CVX:
Market Context:
$CVX is currently trading at
$147.69, below its 30-day moving average (MA30) of
$151.51 and 50-day moving average (MA50) of
$152.38, indicating a bearish trend. The RSI at 42.06 suggests the stock is nearing oversold territory, potentially signaling a reversal.
Directional Bias: Given the current RSI and proximity to the 60-day low of
$146.49, there is a potential for a bounce back towards the MA levels.
Trade Plan:
- Suggested Entry:
$148.00
- Stop Loss:
$145.00 (3% below entry)
- Take Profit Targets:
1.
$153.00 (3.4% gain)
2.
$157.00 (6.1% gain)
3.
$173.00 (16.5% gain)
The third target offers a potential ROI of over 17%, aligning with our goal for significant returns. Monitor closely for market changes that could impact these levels.
For more insights, visit https://privateprofiteers.com.
https://privateprofiteers.com
