CVX trade ideas
CVX Found its ResistanceAs the government is opening its oil reserve to bring the oil price down. CVX tries to break the $175 level which was not possible last week and we might see a pullback to around the $150 level.
cvx/tsla and tsla/spxLooking at oil v tsla and tsla v spx
Just an observation, CVX/TLSA (top) had a double bottom at .10 - during this time, tsla made new highs relative to SPX(bottom)
Interestingly tslaspx is headed towards new highs it looks like while CVX/TSLA is hovering around 0.15
The fact TSLA was 9% higher due to a stock split is laughable, and shows just how absurd these markets are.
I think the trend of CVX/TSLA is just getting started...from a longterm perspective it really cant get much more exhausted and finally people are waking up to how important oil still is in context of global energy.
CVX Found its ResistanceOn daily charts, CVX found its resistance around $170, and volume is decreasing. So we could see stock price will pull down around $140.
GO DOWNLooks to be exhausted, if nothing beyond the chart keeps pumping she will see a downwards trend at the break of the pennant.
Chevron Co-corporation Bullish trendChevron cooperation is in a Bullish trend naturally because of the rising energy prices. You can take an immediate short term profit to break even and hold the remaining till the trend reverses.
CVX IDEA - Entertainment onlyRetrace of pump (61%), gap filled at 162, and return to the lower of the upper trend line. ENTERTAINMENT ONLY. Potential gain 6.2%
Chevron CVX BullishI bought Call Options in Chevron (CVX). Yellow line marks stock price at time of position entry. No estimated Resistance price or area target.
I am not certified or licensed by any individual, institution, or corporation to give financial or investment advice.
$CVX with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $CVX after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 33.33%.
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
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CVXStrong positive trend of oil giant. Index = +2740, Share of portfilio = 16,9%, Stopp Loss = 133,4
We nailed the Chevron long trade....Now we'll be shopping for the reversal (See prior trade below) Keep in mind, we're Neutral right now....nothing to see here....... Yet.
Also, pay attention to the DXY.
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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CVX - Entering resistance zoneEVERYONE including me are bullish with Oil sector but I think the sector is facing a significant resistance zone ahead and I am locking in my profit.
CVX - Breakout on all timeframesChart shows upside range of 100% from here.
Everything is bullish here...clearly defined stop loss to manage the risk...textbook stuff.
#CVXthis is looking to get shorted testing out old ass support from 2018 and i have a feeling she won't pass or i just don't see it happening in this market
CVX Chevron Price TargetIf you haven`t bought CVX at my last call:
Then you should know that there is still a 19% upside according to the Morgan Stanley price target.
Looking forward to read your opinion about it.
the next 60 days 🚨cvx at extreme resistance zone! temporarily broke above it giving longs the biggest fake out breakout + weakest breakout of all time lol
RSI also at extreme resistance area. Look for a test of 94.90-83.82-68.98 in the near future.
like and follow for more! 💘
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...
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