Reasons for bullish bias:
- Price bounced from strong support
- Entry is at the breakout of the triangle
- Targets set till projection
Entry Level(Buy Stop): 45.96
Stop Loss Level: 40.21
Take Profit Level 1: 51.71
Take Profit Level 2: 63.19
Take Profit Level 3: Open
Analyzing the options chain and the chart patterns of DVN Devon Energy Corporation prior to the earnings report this week,
I would consider purchasing the 47usd strike price Calls with
an expiration date of 2024-1-19,
for a premium of approximately $3.25.
If these options prove to be profitable prior to the earnings release, I would sell at least half of...
DVN is moving from a brilliant level. Mark this date today i.e 11th June,2023,Sunday.Its just the matter of time. You can play with stock easily but do not trade options if you don't know how options work.
I will be holding DVN till $60.
I have analyzed DVN at its very best and I am expecting a big green candle very very soon. Understand and then trade. Do not rush into trades. Always have your STOPS ON.
DVN about to break out anytime now. GET READY to enjoy the roller coaster ride. I will be uploading the video analysis for DVN today.It can BREAKOUT any time now.
Hi, another idea from the stock market.
Devon Energy Corporation, an independent energy company, primarily engages in the exploration, development, and production of oil, natural gas, and natural gas liquids in the United States. It operates approximately 3,942 gross wells. Devon Energy Corporation was founded in 1971 and is headquartered in Oklahoma City,...
DVN stock is showing a bearish performance lately after breaking out a bearish formation (bearish symmetrical triangle) on the daily timeframe, yet the breakout is not confirmed.
With the technical indicators supporting the breakout confirmation, prices may fall hitting $25.70 and $24.15 consecutively.
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💡 DVN technically based idea, we can see price is bounce from bottom trend line, technically indicators showing we can expect higher...
