Reversal of Chevron

28 June 2022 374
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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).

This content is for informational purposes only and is not intended to be investing advice.

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