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Lextrading

H/S formation

Short
Chevron Corporation (NYSE:CVX)  
Lextrading  
NYSE:CVX   Chevron Corporation
Chart Patterns Trend Analysis
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chartpattern trendanalysis
CVX rallied off the yellow TL, which seems to be the neckline in this possible head and shoulders formation. At the moment, it looks like it is forming the right shoulder around ~$180.

Looking back to 2007, the stock has very defined levels of support and resistance.
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