CVX trade ideas
BreakOut ahead?Above the Top at 118.9 i exspect the next bo-move. This upwave could reach upt to 123$
Trading below 116,6/115 could initiate a consolidating downwave with the TPs: 111,6/109,3/107
Best Regards
Mary
CVXCVX has been a leader in the energy sector. With the recent sell off the energy names, it would interesting to look at CVX. Lets see how it acts in this area. XLE already broke the 200 day. Looking for a potential short in the retest areas overhead.
CVXPrice close to the trend line, but still sliding down. Break of the falling line would be good opportunity to buy. First target 119.00
CVX - Swing Trade LongCVX has moved up nicely and is among the stronger stocks in the XLE sector. Prices topped out in the $119 level and retraced with weak bear candles.
I'm looking for a move down to the $110/$109.5 level, which corresponds to a 50% Fib retracement.
Play to potential price target @ 122.50. First profit target @ $119 (Previous High).
CVX Swing Trade LongCVX has been in a nice uptrend and is among the stronger stocks from the XLE sector. Prices reached $119 and have retreated in an orderly manner. The price target for a measured move is at the 122-123 level, so I would suspect another leg up to complete the move.
I am looking for prices to retrace to the $110 level and will buy Calls. Price target is the previous high of $119 and the MM target of $122.
Good Hunting!
Bearish Head&Shoulders FormedCVX is one of the most bullish stocks I have seen so shorting this will be tough but a head and shoulders has formed and support has been broken by a bearish candle with good volume. I think the stock will retest the neck line for an entry and then trade down to the 200-simple.
Here is the setup
Trigger: 99.36
Stop:101.01
Target 1:96.07
Target 2: 92.93
***Thoughts***My thoughts on CVX is that when gas was trading around this same price last year the stock was trading around 85-90/per share. It has had a bullish run up for the summer which was predicted in an early post you can link to below but I think the stock price comes down with the less travel demand. CVX is also keeps financing the dividend with debt which I believe is a bad idea. If oil doesn't move up, CVX will have to lower the dividend. If this happens I believe we see 2015 Lows. I will be a buyer
2 Trend are with youBoth the big one and the small one are running in the same direction.
I Think we will see prices above 120$
CVX @ daily @ closed higher last 3 trading days every dayThis is only a trading capability - no recommendation !!!
Buying/Selling or even only watching is always your own responsibility ...
.zip (with PDF`s) @ my Google Drive
Closings Bullish (Dow Jones Index incl. all shares)
drive.google.com
Best regards :)
Aaron
CVX @ 1h @ will the 116 & upside trend (since end of oct) hold ?Take care
& analyzed it again
- it`s always your decision ...
(for a bigger picture zoom the chart)
Best regards
Aaron
SELL SET UPWe have a nice bat pattern in development on weeekly time frame.
it would be a good idea to sell when price reached d point.
CVX @ 15 min @ GAP (116 & 118) should be a recreational poolCVY got an challenging 15min chart - no question !!! But also tradeable ...
The trend channel starts more or less around 114 & 116 this week & ends around 115 & 117 more or less. But much more important is the GAP (after OPEC news while weekstart - even last monday) even between 116 & 118. `cause you can see, while last trading day (on friday) traders traded CVX in something like a breakout-formation (two times higher highs & higher lows) - but under weekly high from monday. And from thuis point of view, i am wouldn`t wondering if CVX the GAP develop to something like a recreational pool next week (between 116 & 118) ...
Take care
& analyzed it again
- it`s always your decission ...
(for a bigger picture zoom the chart)
This is only a analysis (for swing traders) - no recommendation !!!
Buying/Selling or even only watching is always your own responsibility ...
With swing trading i mean (in this context) until end of this trading week :)
Best regards
Aaron
CHEVRON @ 15 min @ last big Resistance around 109.27 left behind2014 CVY was traded between 109.27 (low before ATH) & 135.10 (ATH)
Important is my opinion, from the technical point of view also the fact, that the 1st Downside Wave after ATH (Aa, Bb & Cc) created a last high (C) by 120.17. And this should be also the first target into 2017 ...
1st GAP bewteen 113.14 & 112.48
2nd GAP between 112.55 & 112.07
3rd GAP between 111.28 & 110.64
These are all buying oppurtunities - this week & next week.
Take care
& analyzed it again
- it`s always your decission ...
(for a bigger picture zoom the chart)
Best regards
Aaron
CHEVRON @ Daily @ 1st Close above 2015 Yearly HighMaybe the most interesting technical picture of all DOWI shares !?
How ever,
this week was very exciting - very volatile and created an ambitionaly SetUp ...
113.29 CVX closed @ todays Thursday Trading Day
112.98 CVX was Yearly High 2015
107.68 CVY was Yearly High 2016 (before Trump Election)
Actuallity Trading Box (last 2 trading days) is the way to go
- even the SetUp TradingBox, if i am not wrong (between 114.91 & 111.27) ...
Above 114.91 i would prefere the long side into year end 2016
with a target of > 120.31 (zoom chart for a better technical understanding)
- & the Sentiment should also be not against (emotional resistances) energy stocks
Take care
& analyzed it again
- it`s always your choice ...
Best regards
Aaron
An attempt to see Chevron in big PictureWe can see a very nice Impuls in five Wave up. Now we could be in Wave B. Wave C could be a lot deeper.
Look at the Proportions of Fibo Levels. Its like Magic!
Even we are at this nice CL which is now a kind of resistance.
Let us see in a few Month what happend.
SELL SETUPAB=CD pattern has been completed on 4hr timeframe. It would be a good idea to sell from yellow zone box with SL above it and target as per chart.
