Our timing and mathematical work for Chevron suggests the following:
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- CVX is expected to put in a major bottom by early XXXX.
- As for the downside projection, CVX broke below a long-term elliptical price threshold, meaning that it will decrease at least to $XXXX. A more precise target is located at $XXXX.
- At least 300% rally is expected by XXXXX thereafter where CVX is supposed to put in a long-term top.
If you would like to find out what Chevron will do next, in both price and time, as well as its associated trading parameters, please Click Here