Dec. 15 at 5:35 AM
Actionable Trade Alert for
$CVX:
Market Context:
$CVX is currently trading at
$149.99, with a neutral RSI of 50.03, indicating no strong momentum in either direction. The stock is within the recent 60-day high of
$161.3 and low of
$147.66, suggesting potential for movement.
Directional Bias: Given the current price is near the 60D low and below both the 30-day (152.32) and 50-day (152.83) moving averages, there is potential for a bullish reversal if it breaks above these levels.
Trade Plan:
- Suggested Entry:
$150.50 (a break above recent resistance)
- Stop Loss:
$147.00 (below recent support)
- Take Profit Targets:
1. Target 1:
$155.00 (3% gain)
2. Target 2:
$160.00 (6% gain)
3. Target 3:
$175.00 (17% gain)
This trade plan provides a clear structure with a favorable risk-reward ratio. Monitor price action closely for confirmation before entry.
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