Chevron Stock Forecast 04/11: Bullish Momentum (Chart)
Long Trade Idea
Enter your long position between $153.57 (yesterday’s intra-day low) and $155.11 (the intra-day low of its last bullish candlestick).
Market Index Analysis
- The Chevron (CVX) is a member of the Dow Jones Industrial Average, the S&P 100, and the S&P 500 indices.
- All three indices extend their record run, but bearish indicators continue to accumulate.
- The Bull Bear Power Indicator of the S&P 500 is bullish with a rapid descent below its descending trendline.
Market Sentiment Analysis
Equity markets are pointing to a lower open this morning after a mixed session to start the new trading month. The AI sector was once again the driver of gains, as the bubble rages, but opinions on its duration differ….
