CVX Drop AgainAccording to my previous analysis of cvx this symbol moved down.
I think that it can go down again from the specified area and it will be flat again, we have a fresh resistance.
Comment if you have any questions
Thank You
CVX
CVX CAN PUMP MOREHello, dear traders. how are you ? Today we have a setup to buy/long the LIT symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
Convex Finance (CVX) forming bullish BAT for upto 16% moveHi dear friends, hope you are well and welcome to the new update on Convex Finance ( CVX ) with US Dollar pair.
On a 4-hr time frame, CVX is about to complete the final leg of a bullish BAT pattern.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
CVXUSDT LONG IDEACVX Swing Long Idea:
Entry Zones:
- EP 1 = 4.7496
- EP 2 = 4.7026
- EP 3 = 4.6669
TP Zones:
- TP 1 = 7.2039
- TP 2 = 7.4992
- TP 3 = 7.7380
- TP 4 = 7.9767
STOP LOSS = 4.450
* If the price goes down below 4.6265, please invalidate this analysis.
CVXSuch a thin layer to be breached. Pattern suits a bullish pennant, expecting 100% of the 1st leg, invalid if breakdown occurs.
NFA
OXY Buy the Dip LONGOn the 4H OXY is in a long up trend in part supported by the buy of Mr. Buffett
In the intermediate term as shown on the chart, it is in a slowly rising parallel channel
while at present it is at the bottom of the channel sitting on the POC of the long term
volume profile and near to the lower Bollinger Band. I see this as a buy low sell high
opportunity, The is confirmed with the MACD a lagging indicator with the lines below
the histogram and not yet crossing over. Spot oil may be at a pivot point and
OXY is setting up long.
NRT- European Energy PlayNRT an oil trust stock, is up 75 % for the year despite global challenged market. It is in the middle of its trading range for the past 12 months.
Given the situation in Europe and lack of Russian oil in the free global oil market. I see this as a long-term swing play on energy with
upside heading into the European winter heating season. With the RSI between 40-50% this market is not oversold or bought.
CVX shows bullish hammer under MA 100 on dailyShorted after a nice bearish hammer at high.
Needed to move my stop closer since got bullish hammer after clearing MA 100 which is concerning.
A lot of room to go down but have to mitigate my risks. Ready to renter if stopped out after downward movement resumes.
OXY SHORT after bouncing down from All Time ResistanceOXY as shown on the chart is still in a megaphone pattern.
Horizontal resistance red line is the all time highs of Spring 2018.
In the past several trading sessions, spot oil has dropped from $96 to $87.
The MACD indicator which is lagging shows the K / D cross over the histogram.
Accordingly, OXY is now trending downward to the mid-Fibonacci retracement levels
and the confluence of the mid-line of the megaphone pattern.
This appears to be a safe short trade setup especially now that the buying
pressure of Mr. Buffet has subsided.
VET is pumping profits LONGVET like OXY is showing a great chart with consistent price action.
Fundamentally, it has had great earnings reports in the past year.
It rates an 8/8 on the Minervini Trend scale showing strength and duration of trend
as very high. Vermillon Energy has been strong in the general market downturn.
I see this as a Swing long setup with a good expectant reward for the risk assumed.
I am considering the call strike $30 option for September 16th.
USOUSD Swing LONG ( Bullish Pennant)BITTREX:USOUSD
USO having retraced down from its high at resistance above
its uptrend until bouncing off a retriacement Fibonacci
level is now poised to rebound up until at least hitting
the respective Fibonacci levels of that move. This
appears to be a bullish pennant now ready for
a continuation / breakout.
I see an immediate term upside of 10% and will set a
stop loss of 1 % making for a reward of 10X
OXY Sellers Fall Down ( Flat Bottom Triangle Breakout) LONGNYSE:OXY
One hour chart: NYSE:OXY
In the past day, the relative volume of sellers has decreased
and price momentum is gradually increasing despite
the general market reaction to federal economic news.
The flat bottom triangle breakout suggests sellers are capitulating
on pricing given current circumstances. The RSI Oscillator
is in a mid-range suggesting more upside.
I see a long setup with call otpions 2 weeks expiration strike $85.
8/24/22 CVXChevron Corporation ( NYSE:CVX )
Sector: Energy Minerals (Integrated Oil )
Market Capitalization: 319.434B
Current Price: $163.19
Breakout price: $164.35
Buy Zone (Top/Bottom Range): $156.20-$146.90
Price Target: $180.00-$182.70
Estimated Duration to Target: 48-50d
Contract of Interest: $CVX 10/21/22 170c
Trade price as of publish date: $5.60/contract
OXY Early Breakout from FLAT BOTTOM TRIANGENYSE:OXY
OXY has market momentum with the ongoing Buffet buying frenzy.
It has been in a pattern since the spring 2022 Buffet buying that is a flat bottom
triangle. The latest buying seems to be resulting in
a breakout from the triangle yet without retest.
Rising relative strength on the RSI serves to validate the move.
Buffet seems to know that the current inflation is a headwind for growth
for the alternative energy sector while Big Oil is drowning in cash
and buying back stock relentlessly. A
ll in all , OXY IS A STONG BUY even if spot oil and futures prices are drifting lower.
if the retest fails and OXY returns to the triangle in conjunction with
oil prices decreasing and the general market sideways, I will take
some put options for a few months.
OXY jumps on News Catalyst (Buffet) BUY LONG NOWNYSE:OXY
Massive Bullish Candle takes out 90 days of price action
See the chart for more analysis
Time is of the essence as they say; buy now or do not chase !
CVXUSDT: Growth opportunitiesGreat moment on the CVX coin.
Previously, I posted an idea for this coin, indicating the end of the correction was imminent.
At the moment, the formation of the final wave 5 in wave C (as part of the ABC correction) began.
I have already opened a long position and plan to increase volume as it descends to the $4.5 level.
COMMODITIES (OIL ) vs EQUITIES ( DIA)In this chart, I have plotted the ratio of the price of the USOIL ETF over the DIA, which is the broad ETF for the DJI.
The chart shows the USOIL ETF has been stronger than the DIA until the market lows in mid June after which
the DIA rebounded while hot oil prices cooled off.
The analysis would be is that oil prices may be relatively undervalued at present and so represent a potential
basement sale at a time when the federal goverment just approved a vast upgrade in oil leases on federal land.
If investing in big oil at this time ( like Warren Buffet) what stock or ETF trade would you be inclined to take? AMEX:USO
FEDS open federal land for oil exploration LONG SETUP USOUSDVANTAGE:USOUSD
With the news catalyst of massive new open leases on federal land for USOIL
and the big oil companies USOUSD has reacted with a big uptrend.
with major resistance 3 to 4 percent higher this may continue.
This seems to be a good setup for a swing long trade on USOUSD
and potentially any of the big oil stocks.
CVXUSDT: Good prospectsI present to you a great trading plan for CVX.
A powerful upward momentum was formed in wave 1 or A, with truncation in the intermediate wave 5.
At the moment the price is already correcting in wave 2 or B, forming an ABC correction pattern, which may end very soon.
I plan to open a long position on the completion of the intermediate wave C (in wave 2 or B).
Convex Finance (CVX) formed Gartley | A good buy opportunityHi dear friends, hope you are well and welcome to the new update on Convex Finance (CVX) with BTC pair.
On a 4-hour time frame, CVX has formed a bullish Gartley pattern.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
USOIL a classic Elliot Flat Correction?USOIL makes what looks like a classic Elliot Flat Correction. But where does it go from here? Is the correction a pause in upward prices? Or is the correction the change in direction from uptrend to downtrend?
Note that the bottom yellow dotted line is the 200day MA area. Haven't even bounced off that yet.
