Chevron Corp. (NYSE) Analysis, Chart, and Trading Idea

#CVX
 

The trend is ascending. The stock is traded nearabout the lower border of the uptrend price channel. The downward truncated wave structure finished with the breach of the sloping channel. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator indicates the oversold state.
 

Trading idea:

Buy at the breach of the 157.85 level

Stop-Loss 153.72

Target price levels 163.65, 172.20