Nov. 22 at 1:40 AM
$CVX is currently trading at
$149.98, showing a bearish market context with an RSI of 39.76, indicating potential oversold conditions. The price is below the 30-day moving average (MA30) of 153.99 and the 50-day moving average (MA50) of 154.83, reinforcing a downward trend. The 60-day high of 161.86 and low of 148.75 suggest a tight range, with current price near the low end, which may present a buying opportunity if it holds above support.
Suggested entry is at
$150.50, slightly above the last close to confirm upward momentum. Set a stop loss at
$148.50 to manage risk. Target 1 is
$155.00, aligning with the MA30, while Target 2 is
$158.00, near the MA50. Monitor RSI for signs of recovery; if it rises above 50, it may indicate strengthening bullish momentum.
For more insights, visit https://privateprofiteers.com.
https://privateprofiteers.com