BY LICIA LESLIE
February 11, 2024
Hi Shoppers,
Chevron (Ticker: CVX) has an interesting chart:
The stock traded a high of $155.32 on Friday to tap the 200 day moving average at $155.33 and just roll over creating a large bearish engulfing candle.
There is also formidable resistance at that level.
CVX looks to trade down to $145.86.
Looking at the puts:
I like the Feb23 150 puts.
Trade Review
ProShares Bitcoin (Ticker: BITO) reached my target before the opening.
Tesla (TIcker: TSLA) had a nice rally on Friday trading up to $194.
Don’t forget to join Mark Sebastian on Thursday night at 8:00 ET.
Thanks for Reading … See You Next Tuesday,
Licia Leslie
Licia Leslie
Head of Technical Analysis
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