Just an observation, CVX/TLSA (top) had a double bottom at .10 - during this time, tsla made new highs relative to SPX(bottom)
Interestingly tslaspx is headed towards new highs it looks like while CVX/TSLA is hovering around 0.15
The fact TSLA was 9% higher due to a stock split is laughable, and shows just how absurd these markets are.
I think the trend of CVX/TSLA is just getting started...from a longterm perspective it really cant get much more exhausted and finally people are waking up to how important oil still is in context of global energy.
CVX is rightnow trading as if Oil is at $200 per barrel. Whats happing now is lot of big investor slowly selling the CVX. Retail investors are getting sucked in to this rally which is cleary fading. As usual big investors gonna dump CVX very soon. Its up almost 40 % YTD, that absurd and needs to get corrected
cornbread32
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@JSMYWHL, your truly just lazy and wrong.
JayShz
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@cornbread32, . all u rookies like u getting sucked into this CVX big whales are slowly dumping
cornbread32
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@JSMYWHL buddy I’ve been long CVX since 60 dollars in October of 2020. I have sold some along the way but that’s just prudent investing. Why don’t you post some data or an actual take instead of gazing into ur crystal ball, you numbskull. Oil has been underinvested for a decade….clearly I’m right and you’re just talking your own book that have clearly lagged mine. Come to the table to discuss or leave me be. I’ll outperform you to the day I die because your a simple minded loser.
JayShz
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@cornbread32, you r right and smart one. yes I am a loser.