Dec. 6 at 2:00 AM
Actionable Trade Alert for
$DVN:
Market Context:
$DVN is currently trading at
$37.71, near its 60D high of
$38.12, indicating bullish momentum. The RSI at 68.94 suggests overbought conditions, warranting caution but also indicating strong buying interest.
Directional Bias: The price is above both the MA30 (34.66) and MA50 (34.35), confirming a bullish trend. However, the high RSI suggests a potential pullback before further gains.
Trade Plan:
- Suggested Entry:
$37.50 (slightly below current price to capture a potential dip)
- Stop Loss:
$35.00 (to limit downside risk)
- Take Profit Targets:
1.
$39.00 (3.42% gain)
2.
$40.50 (7.55% gain)
3.
$44.00 (16.67% gain)
Target 3 offers a 17% ROI, aligning with our criteria. Monitor RSI for signs of reversal and adjust stops accordingly.
For more insights, visit https://privateprofiteers.com.
https://privateprofiteers.com
