Dec. 10 at 2:32 AM
Actionable Trade Alert for
$CVX:
Market Context:
$CVX is currently trading at
$148.49, showing a bearish sentiment with an RSI of 35.06, indicating potential oversold conditions. The stock is below its 30-day (152.67) and 50-day (153.05) moving averages, suggesting a downward trend.
Directional Bias: The current price is near the 60-day low of
$147.66, indicating a potential reversal opportunity. The ATR of 2.45 suggests moderate volatility, allowing for reasonable price movement.
Trade Plan:
- Suggested Entry:
$148.50 (slightly above the last close to confirm momentum)
- Stop Loss:
$145.00 (below the recent low to limit risk)
- Take Profit Targets:
1.
$154.00 (10% gain)
2.
$157.00 (5.75% gain)
3.
$173.00 (16.5% gain)
With the third target providing an ROI of over 17%, this trade offers a favorable risk-reward ratio. Monitor the stock closely for any changes in momentum.
For more insights, visit https://privateprofiteers.com.
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