Chevron has broken through the resistance line of a Resistance. It has touched this line numerous times in the last 9 days. This breakout shows a potential move to 107.44 within the next 16 hours. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before trading.
Related Posts
Because XOM formed a Channel Up pattern, we expect it to touch the resistance line. If it breaks through resistance it may move much higher
XOM is heading towards the resistance line of a Channel Up and could reach this point within the…
AMZN seems to be on its way to support – a possible opportunity?
AMZN is heading towards a line of 205.0600. If this movement continues, the price of AMZN could test…
After testing the support line numerous times, INTC is once again approaching this line. Can we expect a bearish trend to follow?
INTC is heading towards the support line of a Falling Wedge. If this movement continues, the price of…