Chevron Corp. chart analysis

I see some strong technical indicators on this chart :

  • support of 50d MA holds
  • 74 was the previous support and resistance level; a strong one
  • Volume is UP !
  • Doji with a long tail, meaning a lot of buyers came in at the end of the day
  • Stop loss at 74
  • 76 is most likely to act as a resistance level

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