The idea is to hold - prices moving inside a channel and only if the support level of 65.usd will not be broken the idea would be to go long.
Chevron (CVX) – Chevron posted a third-quarter profit of 11 cents per share, compared to analysts’ forecasts of a 27 cents per share loss. Chevron’s revenue came in below estimates, but managed a profit by controlling...
Much like most stocks, Chevron NYSE:CVX didn't have a good month of September this year, but it looks like things might be turning around. Looking at the daily chart above, CVX, as been trying to break past the 8 EMA average throughout the last month but found little success until yesterday. Today the price broke through the 13 day EMA. As the stock heads...
Description of the analysis:
Chevron corp. ( CVX ) support zones ideal for timing long positions (gray). Trade what you understand, trade carefully and sparingly according to the business plan.
Hi, my name is Jacob Kovarik and I´m trading on stock exchange since 2008. I started with a capital of 3000 USD. My first strategy was based on...
My name is Lukas and I am a beginner in trading, respectively, I only trade 9 months. But that means I have to do the necessary analyzes without it I can't trade. I want to show you how I work on myself and document my beginnings. I use Vix and my strategy is built on to return to average. I highlight the important support levels and...
Sideways trend - the best option is to hold.
Prices might go upward or downward.
Chevron (CVX) – Chevron reported a quarterly loss of $1.59 per share, wider than the 92 cents per share that analysts were expecting. Revenue also came in below forecasts, amid lower oil and gas prices and the pandemic-related drop in fuel demand.
People are scared of oil stocks.
This is the "first sell-off' of a major market cycle.
The opportunity in these oil companies is MASSIVE and the risk is very low.
Buying some of this on my stock account.
This look like a nice bearish setup. Price broke structure, then rallied to test the previous low. Price did not make any higher lows, it meet resistance at the 50.0 fib level. A double top was created which is a bearish candlestick formation pattern. The previous daly candle look to have formed a bearish candlestick.
I have been pretty trash with oil trades.. but this time I believe oxy will reach new all-time lows.
There is much uncertainty from investors which makes this a perfect short IMO, I have a 5/8 buy put... didn't short at $17 simply cause I was at a huge loss from some other trade (not enough capital.)
I think we will revisit $12 by today and continue to make lower...
looks like decision time for WTI, the Daily wedge is about out of time & $19 base has been tested and support seems to be established. A break back to the 200 ema on D1 would be a massive move for the oil sector and return the markets to normal business as usual levels
Not going to say nows the best time to buy - its probably not - but I'm willing to bet my left almond shares will be trading around $20 in a year or two.
Seems like an extremely safe yearish long buy and hold. Fun to let things build slow sometimes anyways.
Position size accordingly, look for dips to load up .
Thanks for viewing,
After record (and very profitable) drops in Crude in the last few days, Chevron will be put under significant profitability pressure. Well, now we have dipped well below that due to:
- as yet unknown, but likely double digit reductions in global demand for crude oil,
- Russia not going along with the OPEC plan, which resulted in,