CVX at a Historic Breakout LevelChevron CorporationBATS:CVXisahebdadiTechnical Analysis The chart shows a medium-term cup pattern with price testing major resistance around $189–190, which has capped price for the past two years. Momentum is strong and price is trading above the moving average. This is a critical breakout zone. Short-Term Outlook Bullish Scenario (Break Above $190) Targets: •$200 •$210 •$220 Stop Loss: •Below $182 •Conservative: Below $178 Pullback Scenario If resistance holds: Support Levels: •$180 •$170 •$160 Long-Term Outlook If the cup breakout confirms: Pattern Target: •$220–230 Extended cycle targets: •$240 •$260 Long-Term Stop Loss: •Break below $160