Reason for long a) Consolidation breakout b) weekly breakout c) monthly breakout d) Rise in oil or energy sector supports further growth e) SL compulsory
showing 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
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.
CVX chevron is in parallel channel since 1975 , that's 45 year above 113 monthly closing we may expect good upside
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.
Buy above 117.55 target 121.55 stoploss 116.25 time frame 56 hours... keep trailing stoploss and follow blue line not to cross yellow.