RS3175

CVX Trying to Move Up

Long
NYSE:CVX   Chevron Corporation
CVX consolidated for two months from May to July 2023 (larger rectangle). Moved up slightly and started consolidating again. Price is now above 20/50/100 EMAs and just below 200 EMA. Likely to break 200 EMA soon. Uptrend to start by end-August with PT of 180 by end-2023.
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