Is Chevron ready to fire up? Trade_Setup
The world's third largest oil and gas company by market cap.- CHEVRON is ending a year long triple three correction.
The stock shows a good setup with high chances of moving from current levels of 144 towards the 170 mark(15% upside).
The stock is also standing at a crucial channel support that it has respected and reacted to on two different occasions in the past.
On the downside 140 is a crucial support for the stock.
Note*-Chart analysis and its conclusions are based on personal opinions/observations. Kindly do your own analysis before taking any financial positions
The stock shows a good setup with high chances of moving from current levels of 144 towards the 170 mark(15% upside).
The stock is also standing at a crucial channel support that it has respected and reacted to on two different occasions in the past.
On the downside 140 is a crucial support for the stock.
Note*-Chart analysis and its conclusions are based on personal opinions/observations. Kindly do your own analysis before taking any financial positions
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.