oldfolkie
Short

CVX breaks down

BATS:CVX   CHEVRON CORP NEW
88 0 0
This week CVX             broke down from its retracement. On Tuesday there was a shooting star , followed on Wednesday by another candle forming the double negative of a tweezer top with dark cloud cover. After bad earnings on Friday it created a breakaway gap. The last three down moves (head and the two shoulders are around $12 each time in about 25 days. I am looking for a move in the next 25 trading days to $110.
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