Chevron Trading Analysis (01/07/2025)
The trend is ascending. The stock trades within the range of 365 and 135 EMAs. The downward truncated wave structure ended with the breach of the sloping channel. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator indicates an oversold state.
Trade idea:
- Buy at the breach of 144.08.
- Stop-loss at 142.30.
- Price targets are 146.37 and 150.00.
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