CVX has broken through a line of 154.1200 and suggests a possible movement to 148.5580 within the next 3 days. It has tested this line numerous times in the past, so one should wait for a confirmation of this breakout before taking any action. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 50 days.
It’s time to make a decision on CVX – its recent breach of 154.1200 could be a sign of a new trend to follow.
