CVX breaks down

2 Kas 2013

This week CVX broke down from its retracement. On Tuesday there was a shooting star, followed on Wednesday by another candle forming the double negative of a tweezer top with dark cloud cover. After bad earnings on Friday it created a breakaway gap. The last three down moves (head and the two shoulders are around $12 each time in about 25 days. I am looking for a move in the next 25 trading days to $110.