CVX rallied off the yellow TL, which seems to be the neckline in this possible head and shoulders formation. At the moment, it looks like it is forming the right shoulder around ~$180.
Looking back to 2007, the stock has very defined levels of support and resistance.
Looking back to 2007, the stock has very defined levels of support and resistance.
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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.