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KO Retesting $65.33 Support
KO has formed a correction, and is currently retesting $65.33 as support. I still have the yellow trendline as a key resistance target on the way up, but KO is forming a correction first. I would monitor for a bullish rebound at $65.33 before considering the $77 target at the yellow trendline. Follow me on […]Read More
CVX Flipping Resistance Into Support
CVX has formed a bullish breakout above the $131.47 resistance level, and is now trading in a yellow channel between $131 and $160. I think CVX is likely to continue trading within this yellow channel, and is trying to flip $131.47 resistance into support before trending up higher. Follow me on social media: https://linktr.ee/realchartchamp
Read MoreXOM Rejection at $122.42
XOM is trading near all time highs, but has experienced a false breakout at the yellow trendline around $122.42. There is a selloff taking place, and I have $108 as a key support level on the way down. I think XOM could form a bullish breakout on the next move up, but for now I […]Read More