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