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Peet_Serfontein

CVX: back to its 200-day?

Long
Chevron Corporation (NYSE:CVX)  
Peet_Serfontein  
NYSE:CVX   Chevron Corporation
Trend Analysis Chart Patterns Technical Indicators
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trendanalysis chartpattern indicator
A price action above 155 supports a bullish trend direction.
Further bullish confirmation for a break above 160.
The target price is set at 165 (its 200-day simple moving average).
The stop-loss price is set at 153.
The concept of price stability is highly attractive and desirable in the realm of this stock.
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