#CVX the optimistic scenario #SPX #QQQ #DJI#CVX the optimistic scenario #SPX #QQQ #DJI let's wait and see what could happen. Good Luck
CVX trade ideas
CHEVRON - CVX - Small consolidation before continuing higher ?CVX - Looks like it's pulling back to the 103 level for now as part of a potential wave iv.
Strongest resistance is at the 103/105 zone but it would be normal if price drops and bounces off the 99/101 zone too.
The count gets invalidated if it drops below 96 of course.
$CVX with a neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $CVX after a negative under reaction following its earnings release placing the stock in drift D
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CVX (NYSE) - Go BullishGreetings
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Idea :
CVX (NYSE) - Go Bullish
Chevron will do what he want but...After a beautiful double bottom done, CVX is now probably in the consolidation area where we need looking for further setups if price will follow ascending triangle...
Inverse head & sholder is here just for fun :) ( but it would be fun if it happened)
Stay tuned.
NYSE:CVX
Chevron may be a good trade ... 98$Chevron may be a good trade in the next weeks, but i would wait it comes down to 98$
This would be the best setup. Shortterm it is overbought and the price could come down a little bit for a better entry point.
Patiently waiting...
CHEVRONprice breaktrough 100...what a fantastic!!
price making too fast up within this few days..
afraid the price will do some correction
Most important resistance level!I think CVX will test its most important resistance level at 115 next week. We should wait and see if it could pass.
Chevron 4 Hour- BUY
- PRICE BOUNCED OFF 20 MOVING AVERAGE
- AWAITING FOR PRICE TO BREAK RESISTANCE AT 103.40
IRON TARIHi guys,
this is a new trade for this week.
Since the low IVrank I trade this with diagonals, to benefit of an IV rise.
Subscribe for free to my strategy and
Enjoy your wallet!
Tari.
Why The Oil Stocks Not Moving With Crude Oil Markets?The energy market particularly the crude oil seems to meet its old resistance area as depicted on the Brent crude oil chart. The price confluence area seems intact for the time being and it has been there since 2018. Current outlook for the crude oil market is not buoyed enough to justify its north trajectory.
This can also be clearly seen on major oil producing company such as Chevron and Royal Dutch Shell. In the recent price escalation of crude oil, both oil producing companies does not react as expected. In the case of Chevron, a strong resistance exists from last year gap down move (early June 2020) depicted on the chart by the island chart pattern. Price keep on bouncing down whenever it tried to break it.
Looking at other side of the game, the renewable energy sector looks to cash in on the current situation and with new stimulus package from President Biden, that favors renewable energy development demand could be tapped off for the crude oil. Lately, we have heard and read the news most iconic automotive brand are switching to electrified vehicle (EV) to reduce carbon emission and profit from it. This could happen sooner that we might think, as shown by Jaguar Land Rover (JLR) announcing to produced all electric vehicle on all their models range by 2024. The major plane maker Airbus is currently developing a similar carbon emission free aircraft, which could further lower the demand for crude oil.
Something to Watchno confirmation = no trade
no profit margin = no trade
must get a confirmation on LTF
Either 15M Timeframe or 10M or 5M
we must get a change of trend on those timeframes like price coming into the zone with LL/LH and we need HH/HL To come in!
that's how i enter 99% of my trades
Chevron MT (January 29th 2021)Chevron (CVX) (January 29th 2021 through July 2021)
Low: $71-$74
High: $93-$94
Took a look at this the other night for Cindicator, finding some interesting things in the current patterns since March 2020.
I think Chevron might report a positive guidance today in their Q4 2020 reports, but if not, perhaps the most recent reports and the next one in 3 months could help confirm potential long or short summer 2021 targets. For some reason I get the feeling the EPS will not outperform analyst expectations of $-0.08 today but that could be totally short sighted.
Thanks for tuning in :) Disclaimer, anyone in the trade needs to do their own due diligence and decide what is right for YOU. My charts can be wrong at any time and it's very important that you have your own strategies and plans in place. I run this channel for my own educational purposes of learning to trade, and I will never be 100% right, so please do not let me confirm any bias for you! (Dangerous to do so, stay safe and remember the basics & rules of risk assessment.) Expect the unexpected and happy trading!
CVX - EW analysis - ABC zigzag upCVX - It is in ABC zigzag up. The 5th wave up expected to go higher to finish either the C wave or 1st wave of it. Expecting new high above 97 within the current move up.
Give thumbs up if you really like the trade idea/analysis.
Chevron due for breakoutChevron might finally break out of resistance around 95.6$. This was THE resistance for 2020.
Fundamentals brightened up and HSBC raised it to buy from hold with a target of $105.
A Measured Move could take CVX to the Century Mark 100the Extreme Turn Buy signal comes in at a key support zone. CVX showed an impulse move from %83 to $95.50. The initial Ext Turn buy produced a nice winner and now we're back at the key
level as the markets trade to new highs. Could pull in to till the $85-86 Gap then go. Looking for 4% move to High to High trendline then 13% to $100 on a 1 to 1 move from the impulse leg.
Options Trade: CVX option would be JAN 85/100 Bull Call Spread for $5 or better.
