Ticker: CVX
Direction: SHORT
Entry Price: 99.79
Current Price: 99.79
Description of Chart:
We have broken down below the all important number 100.00, this also coincides with a resistance level. We have touched the 50 MA and bounced very slightly. I am looking for a further break down to touch the 200MA on the daily chart. I feel this price will be around the 92.00 area over the next few weeks. If we break below the 200MA then we could then see a push to the 87.00 area.
I also manage money for other traders, you can invest and I will trade to seek greater returns for you! Visit my website for more details.
Website: www.lukelehepuu.com
Direction: SHORT
Entry Price: 99.79
Current Price: 99.79
Description of Chart:
We have broken down below the all important number 100.00, this also coincides with a resistance level. We have touched the 50 MA and bounced very slightly. I am looking for a further break down to touch the 200MA on the daily chart. I feel this price will be around the 92.00 area over the next few weeks. If we break below the 200MA then we could then see a push to the 87.00 area.
I also manage money for other traders, you can invest and I will trade to seek greater returns for you! Visit my website for more details.
Website: www.lukelehepuu.com