BY LICIA LESLIE
October 14, 2023
Hey Traders,
Devon Energy (Ticker: DVN) has followed my downward sloping pitchfork since it made a high of $78.82 back in October 2022:
It is currently trading $48, that is down over 38%.
DVN has bounced off the support of the pitchfork median line and is looking bullish here.
The next level of resistance comes in at $51.35 and above there it will be that previous high of last month around $54.
I see some support at $46 and below there will be the previous low at $42.50.
Use a close below $46 as our stop loss if you decide to go long.
If you want to trade these with me via my candlestick give our concierge team (1-888-TRADE01 1-888-872-3301) a call so they can find you best pricing and answer any questions or you can schedule a call here https://optionpit.com/contact-us
Questions about that? Leave a comment below!
Thanks For Reading,
Licia Leslie
Licia Leslie
Head of Technical Analysis
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