Devon Energy - Ascending Triangle - Buying opportunity
87
An ascending triangle was spotted. Ascending triangle has a higher probability of breaking upwards
The price right now is at the lower trend. To buy now when market opens again. Price around 34.41. There's a lot of selling pressure in the market right now. Since this is a buying opportunity, we should have a smaller position than usual.
Price target 45. Stop when candlestick closes below the lower trend line.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.