lauralea

Symmetrical Triangle

lauralea Updated   
NYSE:CVX   Chevron Corporation
Price has broken up from a triangle.

Price is above the bands.

74ish on RSI. Some use 70 as an Overbought signal on RSI. When a security is super bullish, some use 80.

Earnings tomorrow BMO

No recommendation.

Possible pull back soon if profit taking kicks in.
Security is borderline overbought going in to earnings.

Candle of indecision so far today.
Comment:
A rounding top is a chart pattern used in technical analysis identified by price movements that, when graphed, form the shape of an upside-down "U." Rounding tops are found at the end of extended upward trends and may signify a reversal in long-term price movements.
W pattern noted that has made it to the 1.113.
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