CVX trade ideas
Buying Chevron CallsStochastics Up
Trading on low bollinger bands
vwm bearish momentum slowing
clear support at $80
Buying calls between $80 - $85
Chevron Corp (CVX - NYSE) - ABC wave pattern Chevron Corp (CVX - NYSE) has completed WXY in double zigzag pattern from bottom as indicated in chart. It dropped in impulse as wave A and correcting up in wave B, which might take 2-3 days to complete. Thereafter C wave will resume the fall in price action. CVX and XOM are about 22 - 22 % holding value of XLE etf, which drag it down as both has C wave down within 2-4 trading sessions. XOM & CVX have same pattern for C down sell after wave B over.
Growth Cap?Due to electrification and more renewable energy companies. 1/2 of the gas/ oil companies I own and I won't be buying anymore but I would hold these for dividends and possibly sell at 120-130 then pick up again lower.
Chevron Corporation (CVX) long.All description on the chart.
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CVX - Chevron Corporation Technical AnalysisNYSE:CVX
Wait the right time to get in this market with a long position.
Short on CVX A potential short idea for CVX down to around 86.4 after first higher low is confirmed.
Chevron looking like a solid long-term buy. People are scared of oil stocks.
This is the "first sell-off' of a major market cycle.
The opportunity in these oil companies is MASSIVE and the risk is very low.
Buying some of this on my stock account.
Stay profitable!
God Bless The Oil Industry. (CVX)50 year parallel channel shattered. It took 50 years to get there, how many will it take to come down?
Be patient. Give it some time to breathe.
Bearish CVX Analysis
This look like a nice bearish setup. Price broke structure, then rallied to test the previous low. Price did not make any higher lows, it meet resistance at the 50.0 fib level. A double top was created which is a bearish candlestick formation pattern. The previous daly candle look to have formed a bearish candlestick.
CVXCVX sigue en ascenso, MACD compra RSI casi en 50 pts, Koncorde muestra venta por ahora, este papel depende del oil en parte. pero esta muy barata y paga lindos div
CHEVRON. The best company in the oil sector?I did manage to buy some shares @ $55-60. Next buy @ $30-40.
Chevron downside targetsThanks for viewing,
After record (and very profitable) drops in Crude in the last few days, Chevron will be put under significant profitability pressure. Well, now we have dipped well below that due to:
- as yet unknown, but likely double digit reductions in global demand for crude oil,
- Russia not going along with the OPEC plan, which resulted in,
- Saudi Arabia (for some reason) discounting up to $6 per barrel and markedly INCREASING production,
- The stated aim of all this is to put higher US shale producers underwater - which may already be working.
It looks like there will be major pressure on all high cost oil producers (Saudi Arabia has an all in cost basis around $10 per barrel) for some time. I am not picking on Chevron especially - but considering their situation in light of their (and recently) likely break-even price above $40.
Where to from here? Probably a gap down when the markets open targeting below $72 in the short term, potentially much lower ($30 / share) if the price hangs around present (sub $30 per barrel) levels for any length of time. If Chevron gets that low, they make a lot of sense to pick up.
Any catalysts for a major price increase? Not while Iran is busy fighting their COVID-19 outbreak - they are likely too busy at the moment to continue their work destabilising oil refining and shipping in the middle east with drones and cruise missiles.
bubble goes popi plan on getting in here and i will place an order for this level. common pattern that usually breaks down and in this case id say it does unless some miracle happens.
CVX: short term long positionOn the hourly chart of CVX shares, the price has formed a bullish divergent bar. The signal is supported by double divergence on the AO indicator. Planning to go long using entry levels that are marked on the chart.
CVX CHEVRONI am reluctant to start adding ABC the 5 wave move because it needs more data to know if this ABC is part of an A (which means much more downside) or if this is ABC. The 5 wave count looks valid. Extended wave 1 in the count.
