CVX long position

hi traders,

Looking at the daily graph for Chevron Corporation (CVX), we can
expect a possible price reversal scenario. The stock recently has
been seen at support level of around $144 and has started depicting consolidation evidence. The price can be seen forming a possible structure for a bullish recovery; therefore, a rebound from this zone could open the pathway for further upside momentum.

Risk-reward ratio: 3,53
The trading idea is based on technical analysis.
The price established a range and after revisiting the bottom of the range, we expect the price to retest the top of the range again.
The entry, target and stop loss are shown on the chart.

Good luck