Expecting the range to hold. Based on the range the final target is at 180 USD. Areas marked to look out for.
My intention is to dollar-cost average on NYSE:OXY throughout this quarter. I'm aiming to acquire shares of this stock at a maximum price of $61 per share. Anticipating increased tension in the Middle East, especially around the Suez Canal, I foresee a potential disruption in hydrocarbon supply, likely impacting oil prices, whether significantly or...
I'm using the bars pattern tool to plot an example inverted H&S pattern recovery. A double bottom is present also, reinforcing this bullish assumption. After a small pullback CVX should look for new ATH's.
Interacting with the neckline breakout could happen at any time Good Luck.
NYSE:CVX At 50% Fibonacci Support Level ### Technical Analysis Update: Chevron Corporation ( NYSE:CVX ) at Critical Fibonacci Support Level Chevron Corporation ( NYSE:CVX ), a major player in the energy sector, is currently trading at a key technical juncture, specifically at the 50% Fibonacci retracement level. This level is of particular interest to traders...
💎 Paradisers, gear up for a potential bullish wave in CVXUSDT as it currently navigates a critical supply zone, showing signs of a possible breakout. 💎Tracing its historical path, CVXUSDT has consistently demonstrated a knack for breaking above its descending trendline, leading to upward trends. Currently, as it retests the supply level at 3.843, the odds are...
Based on the provided market data, the CVX currency is currently trading at 3.713 USDT. This is above the Bollinger Band (BB) 4-hour and 1-day values of 3.695 and 3.676 respectively, suggesting the currency is currently overbought. This is also supported by the Relative Strength Index (RSI) values for 4-hour and 1-day which are 67.66 and 81.28 respectively. RSI...
CVX looks bullish. I was checking the waves of this symbol when I noticed that a large diametric has formed on the chart. Wave E is over and now we are in wave F. By maintaining the green zone, CVX can move higher. For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to...
NYSE:CVX was the Dow 30 component that had the highest loss on Friday. The chart clearly shows that the earnings report was not going to be good. The pattern is a failed bottom as there has been rotation to lower inventories of the stock for most of this year. Declining Accum/Distribution indicators at the lows of the range followed by a negative divergence...
NYSE:CVX Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial...
Yet again we are going for the short setup on CVX. As we can see the price is near the supply area, and we expect quite a fast drop starting from today.
If you haven`t bought CVX here: or sold it before the previous earnings: Then analyzing the options chain and the chart patterns of CVX Chevron Corporation prior to the earnings report this week, I would consider purchasing the 157.50usd strike price Puts with an expiration date of 2023-11-17, for a premium of approximately $3.42. If these options prove to be...
In these analysis we are updating our potential downside target, which is now much higher than we originally had. The RR becomes simply huge, which would be extremely profitable if target will be reached. As always, we are posting exact signal with stop loss and take profit in our channel.
Chevron is trading inside a Channel Up pattern with the 1D technical outlook bearish (RSI = 42.924, MACD = 1.030, ADX = 27.596). This is expected since the 1D RSI entered the Buy Zone where the last two HH legs started. As seen on the chart, the price hit the bottom of the Channel Up, a standard buy entry inside such patterns. The slightest rebound will also form...
After the breakout of the uptrend trendline, on a pullback, the price found resistance at 38.2% Fibonacci retracement level. We are looking at this short opportunity while watching the most recent high. Overall, CVX is expected to drop down to the key Fibonacci support, which is a 61.8% retracement level.
Chevron Corporation (CVX) has been trading within a long-term Triangle pattern, which has potentially funneled the price action lately to a Rectangle. The key development for the next few days is the emerging Golden Cross on the 1D time-frame, the first since October 28 2021. Technically, this has the ability to break both above the Rectangle (Resistance 1 at...
Hello There! Welcome to my new analysis about CVX on several timeframe perspectives. The oil market since the corona pandemic supply-shock dynamics has formed a important dynamic and had the ability to form a major rebound recovery with several new highs being formed and CVX having the ability to bounce into a new all-time-high. Now a big part of the dynamic is...
Oil has been ripping lately and trying to establish a new consolidation range. Keep in mind this rally in energy has occurred as the DXY has had 9 weeks of consecutive upside. The energy sector has been a bullish piece of the market and is at a critical support level. If this breakout in XLE is to hold we could see some significant upside. A weekly & daily...