Chevron Corp. (NYSE) Analysis, Chart, and Trading Idea

#CVX
 

The trend is ascending. The stock is traded nearabout the lower border of the uptrend price channel. The downward wave structure is truncated. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator indicates the oversold state.
 

Trading idea:

Buy at the formation of the ascending wave structure, when the (A) wave breaches the sloping channel of the descending truncated structure

Stop-Loss: 155.34

Target price levels: 166.80, 172.20