DVN Rate Before Increasing…
DEVON ENERGY CORPORATION NYSE:DVN
The exchange rate reached the bottom of the correction level. This level was around 30.5usd. We expect a definite increase from this level. The exchange rate increases in a triple wave structure. The peak of the first wave structure is 40.48usd. Then correction can be around 2-3 usd. Then rising second and third wave structures. Our target price is 48.4usd.