timwest

Chevron Corp -CVX -Dailiy - Oversold in a Major Downtrend

NYSE:CVX   CHEVRON CORP NEW
265 6 3
Note the current decline and compare it to the decline in January-February.

The current oversold level will relieve itself with a small rally and a new down wave can commence.

114 target by year-end. 122.89 last.

*** Key Hidden Levels are a subscription service available at "MarketPlace Add-Ons"

Tim

Subscribe to my indicator package KEY HIDDEN LEVELS $20/mo or a discount for a year and join in the trading room KEY HIDDEN LEVELS here at TradingView.com
Mr DL
2 years ago
Actually the current decline resembles Mid Sep 2013 more.
Reply
ZaloRostam
2 years ago
So I should still wait for this small rally then place a short? Thanks
Reply
timwest PRO ZaloRostam
2 years ago
I'm suggesting that. Yes.
Reply
gatorNic
2 years ago
I hope it does. I am longterm holder of CVX, would love to grab some more at 114
+1 Reply
timwest PRO gatorNic
2 years ago
Great attitude. If you sell some long term puts at that strike price (1 for each 100 shares you want to buy) then you can get paid today for that investment.
Reply
timwest PRO timwest
2 years ago
http://finance.yahoo.com/q/op?s=CVX&m=2015-01 Jan-2015 options - scroll down to the Put Options at 115 strike price. Over $2/option = $200 per 100 shares of CVX you want to buy.
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out