Chevron Corporation (NYSE) Analysis, Chart, and Trading Idea


The trend is ascending. The stock is traded in the range between 365 and 135 ЕМА. The descending wave structure is truncated. here is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the oversold state. The sloping channel of the downtrend truncated structure is breached.

Trading idea:

Buy at the breach of 164.00;

Stop-loss: 153.80;

Target price levels: 174.50, 186.50.

Author: GC
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