Chevron Trading Analysis (27/05/2024)

The trend is ascending. The stock is traded in the range between 365 and 135 ЕМА. The downward truncated wave structure finished with the breach of the pivot 1. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the oversold state.

Trading idea:

Buy at the breach of 158.72.

Stop-Loss at 156.28.

Target levels at 162.00 and 166.80.

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