LeLaf

CIVI: Ascending triangle, not confirmed (50,64%)(22/1000)

Long
NYSE:CIVI   Civitas Resources, Inc.
(22/1000)

Ascending Triangle for CIVI.
Not confirmed.
Possible 50,64% gains.

Pros:
1- Bullish Ascending triangle
3- PPS above 50MA and 200MA
3- R/R ratio above 5
4- 250RSI above 50 and ascending
5- 50MA above 200MA
6- 50MA and 200MA ascending
7- RS above 0 and ascending
8- Golden cross in blue

Cons:

1- Pattern Not confirmed yet
2- No descending volume during formation
3- ATR descending, less volatile

Target price is 127,85$.

Stay humble, have fun, make money!

MAAX!
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