Short on CVX A potential short idea for CVX down to around 86.4 after first higher low is confirmed.
CVXCL trade ideas
Chevron looking like a solid long-term buy. 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.
Stay profitable!
God Bless The Oil Industry. (CVX)50 year parallel channel shattered. It took 50 years to get there, how many will it take to come down?
Be patient. Give it some time to breathe.
Bearish CVX Analysis
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.
CVXCVX sigue en ascenso, MACD compra RSI casi en 50 pts, Koncorde muestra venta por ahora, este papel depende del oil en parte. pero esta muy barata y paga lindos div
CHEVRON. The best company in the oil sector?I did manage to buy some shares @ $55-60. Next buy @ $30-40.
Chevron downside targetsThanks 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,
- Saudi Arabia (for some reason) discounting up to $6 per barrel and markedly INCREASING production,
- The stated aim of all this is to put higher US shale producers underwater - which may already be working.
It looks like there will be major pressure on all high cost oil producers (Saudi Arabia has an all in cost basis around $10 per barrel) for some time. I am not picking on Chevron especially - but considering their situation in light of their (and recently) likely break-even price above $40.
Where to from here? Probably a gap down when the markets open targeting below $72 in the short term, potentially much lower ($30 / share) if the price hangs around present (sub $30 per barrel) levels for any length of time. If Chevron gets that low, they make a lot of sense to pick up.
Any catalysts for a major price increase? Not while Iran is busy fighting their COVID-19 outbreak - they are likely too busy at the moment to continue their work destabilising oil refining and shipping in the middle east with drones and cruise missiles.
bubble goes popi plan on getting in here and i will place an order for this level. common pattern that usually breaks down and in this case id say it does unless some miracle happens.
CVX: short term long positionOn the hourly chart of CVX shares, the price has formed a bullish divergent bar. The signal is supported by double divergence on the AO indicator. Planning to go long using entry levels that are marked on the chart.
CVX CHEVRONI am reluctant to start adding ABC the 5 wave move because it needs more data to know if this ABC is part of an A (which means much more downside) or if this is ABC. The 5 wave count looks valid. Extended wave 1 in the count.
Oil stocks still a short as coronavirus crushes global demand.You can see from the chart that the price of Chevron (as one example) has declined in line with crude (WTI) price. However, you can also see the stocks tend to overshoot both on the upside and downside. This suggests there's more downside before the stocks bottom and can be bought.
CVX SHORT DCVX on Daily Chart, it brokes the channel and hit the target, Still, it's going down to reach the Wolf Wave target.
Lets see
CHEVRONPossible long 90,11 (low on Feb2020)
Why:
1. Angle 1x40c. Previous one 1x80c (base 5)
2. RSI Oversold and Stock Rsi Revverse
3. C_wave in area 1-1.272
SL. Break of 90,11
NYSE:CVX
Chevron Double Top - Short Chevron had a double top over the last few years and is declining - possible breakouts in the near future.
CVX weekly RSI reaches OversoldI'm not advocating the use of incomplete weekly candlesticks - BUT the 14 period Weekly RSI for Chevron (CVX) which makes up over 20% of the cap weighted S&P Energy ETF, has reached oversold territory for the 12th time in its history..
CVX: Chevron descending triangleI really don't like descending triangle for NYSE:CVX . I have fundamental analyst giving me a buy/hold signal but i am still cautious. This 139 weeks descending triangle might play out just be very careful and wait for confirmation before entry.
CHEVRON (CVX): Close To Key Structure
chevron is coming closer and closer to a key structure support level.
I would consider a buying opportunity from 103.0 level with a potential bullish reaction to 114 / 121 levels.
with a stop below the X the position will be protected against the volatility and occasional fluctuations!
good luck!
Buy point at 97.12 for long run investmentStock might slide at 97.12 making a good opportunity to buy for long run.
