Energy under pressure — week 11 of the decline
Chevron: double bottom in the 171 area, but resistance holds
Energy under pressure — week 11 of the decline
In Summary
Chevron is in week 11 of a sell signal, with the trade showing a 9.3% gain. The week closed down 1.5%, sellers at 75% — the decline holds but does not accelerate. A double bottom has formed in the 171 area on the daily chart: a pattern worth watching, because a break above the 173 zone resistance could shift the short-term picture.
IQS Phase
78
in tension
Signal Strength
37
shallow weekly drop
Sizing
REDUCED
Ranking
#22 / 131
US stocks
Trade P&L %
+9.28%
from signal to today
restricted Platinum content