Chevron stock (NYSE:CVX) has been making commendable bullish effort
since the beginning of March 2016, although the market has been quite choppy
(moving sideways) for the past several months.
In the chart, the ADX period 14 is above the level 20, showing that
some momentum may be rising in the market. The DM+ is also above the DM-,
meaning that the bulls now have upper hands. The MACD default parameters, has
both its histogram and the signal lines above the zero line. This shows a Bullish Confirmation Pattern in
the chart. The price is poised to continue moving up and up this year.
Irrespective of occasional dips along the way, Chevron would break
one supply level after the other, to the upside, in the year 2016.
This forecast is ended by the quote below:
“Watching Bach Yen grow and overcome her personal
hardships, and realize that trading is her solution has been such a pleasure.” – Louise Bedford
Azeez Mustapha
Market Analyst, Trading Signals Provider and Coach
What Super Traders
Don’t Want You To Know: Super Traders
Buy and sell Neteller here; get funded quickly: www.ituglobalfx.com.ng
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