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AlyaAkram
Jul 7, 2021 9:55 AM

DVN slides with the crude downward correction Short

Devon Energy CorporationNYSE

Description

DVN stock is showing a bearish performance lately after breaking out a bearish formation (bearish symmetrical triangle) on the daily timeframe, yet the breakout is not confirmed.

With the technical indicators supporting the breakout confirmation, prices may fall hitting $25.70 and $24.15 consecutively.

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