CVX - Chevron buy support zones analysisHello traders,
Description of the analysis:
Chevron corp. ( CVX ) support zones ideal for timing long positions (gray). Trade what you understand, trade carefully and sparingly according to the business plan.
About me:
Hi, my name is Jacob Kovarik and I´m trading on stock exchange since 2008. I started with a capital of 3000 USD. My first strategy was based on OTM options. (American stock index and their ETF ). I´ve learnt on my path that professional trading is based on two main fundaments which have to complement each other, to make a bussiness attitude profitable. I´ve tried a lot of techniques and many manners how to analyze the market. From basic technical analysis to fundamental analysis of single title. My analytics gradually changed into professional attitude. I work with logical advantages of stock exchange (return of value back to average, volume , expected volatility , advantage of high stop-loss, the breakdown of time in options, statistics and cosistent thorough control of risk). At the moment, my main target is ITM on SPM index. Biggest part of my current bussiness activity comes from e mini futures (NQ, ES). I´m trader of positions. I´m from Czech republic and I take care of a private fund (over $4.000.000 USD). During my career I´ve earned a lot of valuable experience, such as functionality of strategies and what is more important, control of emotions. Professional trading is, in my opinion, certain kind of mental training and if we are able to control our emotions, accomplishment will show up. I will share with you my analysis and trades on my profile. I wish to all of you successul trades.
Jacob
CVX
Market Rotation Into Energy (XLE) The past week there was rotation into Energy (XLE). There is precedent for rotations into energy marking tops and continuing as safe havens during corrections.
In the bottom chart, you see the rotation happening in September 2018, just before three months of market declines (21% on S%P 500 and 24% for Nasdaq).
Looking back further to the 2000 tech bubble, look at stocks like CVX, XOM and SLB. These stocks are going up or sideways while the market is crashing around them.
On the other hand, 2018 these stocks fell along with the market.
So the question is are we in a correction?
If so, is it more like 2000 or 2018?
Have energy stocks been held down while the tech bubble grew?
Will we see energy stocks climb over the next few months?
Chevron (CVX) Stock AnalysisSideways trend - the best option is to hold.
Prices might go upward or downward.
Chevron (CVX) – Chevron reported a quarterly loss of $1.59 per share, wider than the 92 cents per share that analysts were expecting. Revenue also came in below forecasts, amid lower oil and gas prices and the pandemic-related drop in fuel demand.
Big Time Rewards - Longterm BUY and HOLD (Scared?)Not going to say nows the best time to buy - its probably not - but I'm willing to bet my left almond shares will be trading around $20 in a year or two.
Seems like an extremely safe yearish long buy and hold. Fun to let things build slow sometimes anyways.
Position size accordingly, look for dips to load up .
Adios,
Fishy
CHEVRON (CVX): Close To Key Structure
chevron is coming closer and closer to a key structure support level.
I would consider a buying opportunity from 103.0 level with a potential bullish reaction to 114 / 121 levels.
with a stop below the X the position will be protected against the volatility and occasional fluctuations!
good luck!