SPOT TRADE SETUP (Binance) CVX/BTC:- On the verge of a breakout. Either buy the retest of the breakout or simply buy now and DCA on dips with SL. Details are given in the chart. Make sure you do your own research. Entry :- 6110 to 6500 sats Target:- 50% to 100% Stop Loss:- 5680 (Subject to change as per market condition) DYOR Do hit the like button if you...
If you haven`t bought CVX at my last call: Then you should know that there is still a 19% upside according to the Morgan Stanley price target. Looking forward to read your opinion about it.
Recently, on 11/19/2021 Morgan Stanley brokerage Boosted the Price Target for CVX Chevron Corporation to Overweight from $149.00 to $155.00. Jim Cramer also talked about a buy opportunity in Chevron shares yesterday, since they have enough money to pay the dividends for the next year, 5.36 (4.57%), and the demand for oil is still there. The Price per Earnings...
CVX bounced off of its support and is also displaying bullish signals via the MACD on both the daily and the weekly time frames. Due to the weekly displaying a bullish signal, we now know the major trend direction and can safely ride the wave upwards. Bullish Signals -MACD on Daily and Weekly -B% shows oversold Bounced off of Fibonacci
The range resistance level could be broken upwards with the minimum target level around 125. The long-term target could be larger as the global high is broken. So far, the situation with oil prices is good enough.