cvxshowing sign of reversal , 149 is key level could expect 165 above 149 , overall the sentiment is sell on rise , this bounce could go till 163. below 149 , 135 on board
CHVX34 trade ideas
Chevron rides on high gas prices.Chevron Corp has broken out of trendline with change in polarity
Buy - 180
SL - 173
Target - 190, 200
Note : This is idea is for educational purpose only and is not a buy/sell recommendation.
CVXCVX chevron is in parallel channel since 1975 , that's 45 year
above 113 monthly closing we may expect good upside
Chevron recent rally may be just a corrective pullback.Chevron Corporation: The move up in the last couple of sessions seems to be a corrective pullback. The RSI is now at the bearish extreme zone, the candles are forming bearish patterns. The prices have also closed below the KS & TS lines. The trend down is expected to continue. A close below 115.5 will confirm the trend.
Quick call - buyBuy above 117.55
target 121.55
stoploss 116.25
time frame 56 hours...
keep trailing stoploss and follow blue line not to cross yellow.
