Chevron Corporation
Long
Atualizado

CVX - Potential Swing Upside - Mid Term

267
Timeline - now to 3 months

1. Bullish flag pattern sustained, form during Oct 2021.

2. Rounding bottom above 1D resistance at $130

- Last close is above Fib 88.6% - $154.36
- In the 2 days, weak selling pressure is noticed.

3. More attempts to break 88.6% Fib level opposed to $130 support line

- Bullish angle upthrust stays above 45 degrees
- Concludes high change of breaking 88.6% fib level, towards previous high of $169.66

3. Entry points

EP 1 - buy spot with 1 or 0.5 size
EP 2 - Enter another 1 or 0.5 size if closing prices stay above Fib 78.6% at $141.56
Trade ativo
TP 1 achieved

Aviso legal

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