Long term opportunity on Devon Energy
The rising wedge was confirmed when it changed $31-59 into a support.
A higher low was also now confirmed at $33-90.
The target of the wedge should it play out is around the 40 week moving average, waiting at $38-36.
Technically the share will warn again when $29-54 changes into a resistance.
Buy: $33-90
Stop loss: $29-54
Target: $38-36
A higher low was also now confirmed at $33-90.
The target of the wedge should it play out is around the 40 week moving average, waiting at $38-36.
Technically the share will warn again when $29-54 changes into a resistance.
Buy: $33-90
Stop loss: $29-54
Target: $38-36
Trade closed: target reached:
Target reached....out and closed. Those who want to hold on can do so above $36-10. happy days
Trade closed: target reached