The shares of Chevron, inspired by the shock results of peers in the oil industry from Exxon Mobil and Halliburton, are moving towards the June historical high of 182.33. Less than 5% is left to reach the top, and if the quarterly report from October 28 will be supported by investors, Chevron will set new maximums with high probability.
At the same time, Stochastic is already showing overbought, and after the renewal of highs, Chevron can correct down to the level of 165.
This content is for informational purposes only and is not intended to be investing advice.
