$CVX - RC -
Added 2023-08-19 19:39:29 +0000 UTCI am leaning here for $CVX to follow the $OXY route but to be clear, I believe $OXY is in a stronger position, for reasons I have wrote a lot about on the $OXY updates.
(mainly its carbon capture market)
But I like how $CVX held the blue line, since this was a major resistance line before 2020 and now it has been flipped to support so I believe Wave 5 is still to come.....until the end of the year.
A break down from this descending wedge and it is likely in its ABC correction.
