$CVX - Falling Trend Channel [MID-TERM]

NYSE:CVX   Chevron Corporation
🔹Rectangle Formation produced a POSITIVE signal at a breakout resistance of 160.
🔹Marginally broken up through resistance at 164, next resistance at 173.
🔹RSI curve indicates a rising trend, indicating an early indication of a possible upward trend reversal for the price.
🔹Technically POSITIVE for the medium long term.

Chart Pattern:
◦ DT: Double Top | BEARISH | 🔴
◦ DB: Double Bottom | BULLISH | 🟢
◦ HNS: Head & Shoulder | BEARISH | 🔴
◦ REC: Rectangle | 🔵
◦ iHNS: inverse head & Shoulder | BULLISH | 🟢

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