CHEVRON CORP
(CVX-NYSE):
Technical Viewpoint: From a low
of $56.12 on Jul 15, 2005 prices
rallied, reaching a
high of $63.13
on Aug 11, 2005. A
decline saw prices pull back, reaching a
low of
$58.70 on Aug 18, 2005.
Another rally saw prices penetrate
resistance, closing 9/9/05
at $63.81. Technicals: MACD Index (MACD): A Buy Alert!
was given on Sep 2, 2005 when the solid line crossed the dotted line to the upside.
Support: Remains at $60.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Aug 31, 2005. A P&F upside
reversal takes place at $60.00. Summary: Technical indicators have turned bullish. BUY! CHEVRON CORP
(CVX-NYSE) @ $63.88 Stop: Use a protective stop of $61.38.
CHEVRON CORP is currently trading @ $63.81 plus $1.75 on Sep 9, 2005. Price Objective:
$77.50. Risk/Reward: $2.50 VS. $13.62. Today's Risk Reward Ratio: 5:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$77.50
Risk/Reward:
$2.50 VS. $13.62
Risk/Reward Ratio:
5:1
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