Chevron Corporation
Short
Updated

CVX shows bullish hammer under MA 100 on daily

151
Shorted after a nice bearish hammer at high.

Needed to move my stop closer since got bullish hammer after clearing MA 100 which is concerning.

A lot of room to go down but have to mitigate my risks. Ready to renter if stopped out after downward movement resumes.
Trade closed: target reached
Wicked out for small profit. That sucks. I feel we still go lower.

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