Chevron stock (NYSE:CVX) has started a downturn following the recent bullish
effort. The bearish downturn began in the middle of April 2019, and it has led
to a “sell” signal.
Price is now under the EMA 21, while the Williams% Range period 20 has moved
into the oversold territory. That is a bearish signal which would be valid for
the next several months.
Chevron is supposed to reach the demand levels at 110.00, 100.00 and
90.00 very soon.
Azeez Mustapha
Market Analyst, Trading Signals Provider and Coach
Trading realities: Trading realities
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