Today we will analyze the stock CHEVRON (CHV.DU) for internet stock trading in the DU stock market,
Stock Technical indicators to notice in CHEVRON (CHV.DU)
1- Last bullish trend was from 77.03 $ (4/12/2012) to 81.97 $ (5/2/2012) a 4.94 $ move 2- The current bearish trend started from 81.97 $ at 5/2/2012 and is currently trading at 78.82 $.
3- CHV.DU current support level is at 77.03 which is the 100.00 % fibonacci retracement of the last 4.94 $ move.
4- CHV.DU current resistance level is at 78.92 which is the 61.80 % fibonacci retracement of the last 4.94 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
CHEVRON (CHV.DU) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 81.970 and 85.110, and is currently resisting at 81.676.
CHEVRON (CHV.DU) Mid term stock chart patterns for internet stock trading :

7- The Stock traded in a bearish stock channel identifed by support at 77.030 and 78.230,resistance between 85.110 and 86.230, the stock channel is currently supported from below by 76.630 and resisted from above by 84.258.
CHEVRON (CHV.DU) Long term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 70.040 and 64.310, and is currently supporting at 78.268.

Stock Trading Conclusion:
CHEVRON (CHV.DU) was trading in a bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show no favorited direction,
recommend hold or waiting for entry .

Stock Resistance Levels : 78.92, 79.50, 79.56, 80.02, 80.08, 80.40, 80.77, 80.80, 81.68, 81.97,.
Stock Support levels : 78.27, 77.03, 75.69,.