Chevron Corporation (NYSE) Analysis, Chart, and Trading Idea

#CVX
 

The trend is ascending. The stock is traded in the range between 365 and 135 ЕМА. The descending wave structure is truncated. here is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the oversold state. The sloping channel of the downtrend truncated structure is breached.
 

Trading idea:

Buy at the breach of 164.00;

Stop-loss: 153.80;

Target price levels: 174.50, 186.50.