Chevron has broken through a support line of a Head and Shoulders and suggests a possible movement to 87.14 within the next 2 days. It has tested this line in the past, so one should probably wait for a confirmation of this breakout before placing a trade. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 9 days.
Related Posts
BABA is approaching a support line of a Head and Shoulders. It has touched this line numerous times in the last 3 days.
BABA is heading towards the support line of a Head and Shoulders and could reach this point within…
INTC seems to be on its way to resistance – a possible opportunity?
INTC is heading towards 23.9200 and could reach this point within the next 17 hours. It has tested…
TSLA formed a Triangle on the 1 hour chart. Retest of support in sight.
TSLA is trapped in a Triangle formation, implying that a breakout is Imminent. This is a great trade-setup…