Dec. 25 at 1:20 PM
Actionable Trade Alert for
$CVX:
Market Context:
$CVX is currently trading at
$150.5, near its 60-day low of
$146.49, indicating potential for upward movement. The RSI at 45.31 suggests neutral momentum, which could shift positively if buying pressure increases.
Directional Bias: The price is below both the 30-day MA of
$150.81 and the 50-day MA of
$152.25, indicating a bearish trend in the short term. However, the proximity to the 60-day low suggests a potential reversal opportunity.
Trade Plan:
- Suggested Entry:
$151.00 (slightly above current price to confirm upward momentum)
- Stop Loss:
$148.00 (below the recent low to minimize risk)
- Take Profit Targets:
1.
$155.00 (2.65% ROI)
2.
$158.00 (4.99% ROI)
3.
$176.00 (17% ROI)
With a strategic entry and defined targets, this plan aims to capitalize on potential upside while managing risk effectively.
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