Dec. 31 at 3:05 AM
Actionable Trade Alert for
$CVX
Market Context:
$CVX is currently trading at
$152.31, showing bullish momentum as it approaches the 60-day high of
$159.18. The RSI at 60.74 indicates strong buying pressure, while the MA30 at
$150.37 and MA50 at
$152.18 suggest support levels that can help maintain upward movement.
Directional Bias: The stock is positioned favorably above key moving averages, with the RSI indicating potential for further gains. The price is also within the high-low range, providing a conducive environment for upward movement.
Trade Plan:
- Suggested Entry:
$152.50
- Stop Loss:
$149.00 (approximately 2% below entry)
- Take Profit Targets:
1.
$156.00 (Target 1, approx. 2.5% ROI)
2.
$158.00 (Target 2, approx. 3.5% ROI)
3.
$178.00 (Target 3, approx. 17% ROI)
This plan allows for a solid risk-reward ratio, capitalizing on the bullish trend while managing downside risk effectively.
For more insights, visit https://privateprofiteers.com.
https://privateprofiteers.com
