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CHEVRON CORPCHEVRON CORPCHEVRON CORP

CHEVRON CORP

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CVX trade ideas

Someone sees a bright future for chevron ( CVX )Oil went below 40$ in August for the first time since early 2009. It did try to mount a rally to no avail before collapsing to 26$. During this time Chevron never made new low. That is a call a divergence, a major divergence that is and that is a bullish sign. Furthermore, since its August low, CVX printed a nice impulse ( the trend ). The ensuing move looks corrective to us. Now CVX appears to be ready to take off to at least 104 where we will have equality between trending waves. If there's more fuel in CVX then 110 is a major resistance where we have the 61.8% retracement of the previous decline and the apex of a bearish triangle where prices often stall. Only a move below 69.70 will negate this view
NYSE:CVXLong
by yauger
DOW JONES OVERVIEW: CVX IS ON MACRO RISKChevron Corp is on risk to fall further on macro and micro basis. On long term basis, despite price is trading within 1st standard deviation from 10-year mean, it fell below lower 1st standard deviation from 5-year mean, risking more downside. On short term basis price is in fully fledged downtrend, trading below 1st standard deviations from 1-year and quarterly mean. Downside risk will remain until price gets back above 93, which turns out to be a key level - 4 pivot levels converged there now (see chart) and breaking above it will cancel all current downtrends.
NYSE:CVXShort
by Killy_Mel
POTENTIAL LONG ON CVXDouble bottom with confluence of a potential long term bull trendline; reversal candle on increased volume; stochastic divergence; downward channel into a potential broader bullish channel. Not an entry yet, simply a possible bottom, need to see a bullish move (jump the creek - Wyckoff), then a small retracement (back up to the creek - Wyckoff) with another reversal candle pattern for entry back up to the top of the channel. This current bar could be a "spring" (AKA Terminal Shakeout - Wyckoff).
NYSE:CVXLong
by npatz_2000
CVX Not Looking So Hot...Monthly candle chart... The bearish Moving Average Cross (9 month, 21 month) is by far the most concerning due to the fact that it has so accurately marked the early stages of large downtrends. This stock has an unhealthy love for everything fibonacci....retracements, extensions, you name it... (some shown). What appears to be the 4th month after the monthly PSAR flipped to "bearish" looks to be only the beginning. CVX cracked the 200 week simple moving average support (not shown), which is never a good thing. The drop in crude oil prices have hurt the industry and therefore CVX. Not that it will do much good for quite a while, but I am thinking that the bottom of this decline will be in the mid-80's, at which point this becomes an excellent buy. The only thing that I see as bullish is the respectable dividend, although it is not so high that it will prevent further decline. ...wait and enter in the 80's OR short sell if you choose.
NYSE:CVXShort
by UnknownUnicorn139115