DVN - Devon Energy Corporation - Buy Idea 10.06.2024

10 juni

Here we have new bullish impluse and now the price is in retracement. There is a demand zone at the beggining of the impluse. We expect the price to reach the demand zone and from there to see new bullish movement. The demand zone is from 40.50 to 43.30. We expect the price to reach the last high - around 27% movement, and from there to reach the next high - around 50% movement. If the indicators are oversold when the price is at the demand zone - it will be the perfect scenario.