CVX trade ideas
A midterm trade with 30% opportunity..!Entry: at the market opening price
Stop loss: 10%
Reward/Risk: 3
Target range: 30%
Time Frame: 4-12 wks
Possible gain: 30%
Possible loss:10 %
Position size: 5% of trading capital
You can see the most important support(green line) and resistance (red line) levels.
Best,
Dr. Moshkelgosha M.D
DISCLAIMER
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CVX/AAPLMarket leader of old and one of the leaders this year in $CVX - this shows the ratio of CVX/AAPL - I put a rectangle around some candles I found interesting.
- pink circle shows the breakout
-blue arrows shows the RSI trend
CVX right now is trading at a multi-year high, I don't know how much higher it can go - what I do know, is every chart I am looking at on Oil on a multi-year level is screaming buy
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Three reasons to short CVX stock.The first is that the price has reached the upper line of the uptrend channel.
The second is tight spreads on the January 26-27 high volume bars.
Third - the White House doesn't like prices too high because expensive gasoline increases consumer spending, which lowers the president's rating.
CVX stock price is at a record high because of high oil prices. But the chart says there are massive sell orders in the market that are holding back the uptrend. Perhaps it is profit taking by big players in anticipation of lower prices.
Fundamentals - Chevron earnings 1/28Chevron (CVX) earnings are tomorrow on 1/28 at 6am. Chevron (CVX) reported Q3 September 2021 earnings of $2.96 per share on revenue of $44.7 billion. The consensus earnings estimate was $2.21 per share on revenue of $40.4 billion. As you can see from this Fundamental analysis, Chevron has a high price right now with its P/E above average, based on the past 7 years. I'm posting this as short because there's hardly any upside left. Even with inflation worries CVX is trading at a higher P/E than many companies nowadays. I don't buy into dinosaur juice bulls thesis WTI absurd price target for the rest of the year.
Q4 December 2021 Consensus:
EPS = $3.10
Revenue = $43.92B
Fundamentals:
P/E = 26.26
EPS = $3.19
Revenue = $42.35B
Cash = $6.244B
D/A = .16
Div/Yld = 4.002
52 week high = $137
52 week low = $84.57
Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...
*3x lucky 7s of trading*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet
7 Common mistakes:
+5% portfolio trades, capital risk management
Beware of analyst's motives
Emotions & Opinions
FOMO : bad timing, the market is ruthless, be shrewd
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation
7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big, organized desk
Reading books, playing chess
Sorted watch-list
Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
TTC - trend channel
AlertiT - notification
tickerTracker - MFI Oscillator
www.tradingview.com
$CVX Nearing all time highCVX is looking to hit a new ATH soon. I would expect it to run through, retest and then resume higher. A lot will be dependent on the data that is coming out over the next few months. Based on what SLB said, I think CVX will also see benefit from this economy and government involvement. Gold and Oil will be the new tech for 2022 lol. Ridiculous to even think about except that we can thank the Federal Reserve for this lovely situation.
This is not intended as investment advice. It is for informational purposes only. Good luck!
1/16/22 CVXChevron Corporation ( NYSE:CVX )
Sector: Energy Minerals (Integrated Oil)
Market Capitalization: 248.594B
Current Price: $128.96
Breakout price: $129.10
Buy Zone (Top/Bottom Range): $119.70-$114.70
Price Target: $143.80-$145.00
Estimated Duration to Target: 154-160d
Contract of Interest: $CVX 6/17/22 130c
Trade price as of publish date: $7.20/contract