CVX
Entered a swing trade today on CVX. Noticed that it landed on a resistance line in the wedge pattern. The RSI has been neutral on all time frames but regardless I view the stock as being undervalued. Fortunately the storms haven't affected production either unlike with XOM.
-Entered early in the morning when it did a fake breakout to the bottom. Entered at $84.06 and closed for the day at $84.91 above the 50 day SMA on the 15 minute and above VWAP so I am anticipating that the stock will gap up tomorrow. Extended trading hours activity looks reassuring of continued uptrend.
Trade closed: stop reached