Chevron: ⬆️ Buy
– Chevron reversed from strong support level 180.00
– Likely to rise to resistance level 195.00
Chevron recently reversed up from the support zone between the strong support level 180.00 (which has been reversing the price from February), lower daily Bollinger Band and the 50% Fibonacci correction of the upward impulse from December.
The upward reversal from this support zone started the active intermediate impulse wave (3).
Given the clear daily uptrend, Chevron can be expected to rise to the next resistance level 195.00 – top of the previous impulse wave (1).