Reversal of Chevron

28 june 2022 34
Volkov_Anton
Volkov_Anton

Listed among the best MarketCheese authors
1st in the segment "Currencies"
2nd in the segments "Indices" and "Metals"
3rd in the segment "US stocks"
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Chevron shares have lost all increase gained during the spring. Last week, the price closed the gap formed on February 28 and March 1 at the level of 143.8. The quotes did not go below, a rebound began to form.

 

In addition to closing the gap, the "harami cross" on the chart, as well as the RSI indicator, which has reached the oversold zone and is turning up, testify in favor of the rise. As the nearest growth targets, we can single out the Fibonacci levels of 23.6% (150.3) and 38.2% (156.1).

Volkov_Anton
Volkov_Anton

Listed among the best MarketCheese authors
1st in the segment "Currencies"
2nd in the segments "Indices" and "Metals"
3rd in the segment "US stocks"
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