CHEVRON @ 15 min @ last big Resistance around 109.27 left behind2014 CVY was traded between 109.27 (low before ATH) & 135.10 (ATH)
Important is my opinion, from the technical point of view also the fact, that the 1st Downside Wave after ATH (Aa, Bb & Cc) created a last high (C) by 120.17. And this should be also the first target into 2017 ...
1st GAP bewteen 113.14 & 112.48
2nd GAP between 112.55 & 112.07
3rd GAP between 111.28 & 110.64
These are all buying oppurtunities - this week & next week.
Take care
& analyzed it again
- it`s always your decission ...
(for a bigger picture zoom the chart)
Best regards
Aaron
Chevron
CHEVRON @ Daily @ 1st Close above 2015 Yearly HighMaybe the most interesting technical picture of all DOWI shares !?
How ever,
this week was very exciting - very volatile and created an ambitionaly SetUp ...
113.29 CVX closed @ todays Thursday Trading Day
112.98 CVX was Yearly High 2015
107.68 CVY was Yearly High 2016 (before Trump Election)
Actuallity Trading Box (last 2 trading days) is the way to go
- even the SetUp TradingBox, if i am not wrong (between 114.91 & 111.27) ...
Above 114.91 i would prefere the long side into year end 2016
with a target of > 120.31 (zoom chart for a better technical understanding)
- & the Sentiment should also be not against (emotional resistances) energy stocks
Take care
& analyzed it again
- it`s always your choice ...
Best regards
Aaron
CVX is holding $100, but for how long?Technically Speaking
CVX is holding the $100ish pivot level. The longer it holds the more likely the next move will be to the upside.
Fundamentals
Here is a company summary.
What to do?
First, is this a trade or a long-term holding? What is YOUR time frame? You have to decide.
The R/R favors the long side, in my opinion. A long position here, stopping out under 96.00.
Checklist
Should I buy?
* Is this a technical trade or part of my long term holdings. Establishing a time frame is very important.
* Is it trading at an important technical level that is obvious to all market participants?
* Is the R/R in your favor?
* What is the likelihood this company will either go bankrupt or it's products or services become obsolete?
* How much debt do they have?
* If heavily indebted, how much is coming due in the next 3-5 years? Can they cover their debt payments based on reasonable analysis?
* Will their product or service become obsolete? This really is too hard to say, too many things looked obvious in hindsight, think Blackberry. However, I think it is constructive to think about, especially if you are planning to hold a stock for the long term.
Risk
* For individual securities, risk no more than 3% as a starting position. You can always add later.
* Write down a price level that you will consider liquidating all or part of the position.
* What is a reasonable price target?
Execution
* After going through the checklist above, are you still willing to risk your money? If yes, TAKE THE TRADE.
OVER THE LONG TERM, THE WAY TO WIN IS TO HOLD ONTO YOUR WINNERS, AND CUT YOUR LOSERS. IT IS AS SIMPLE AND AS HARD AS THAT.
Chevron sell the rallyAfter a strong impulse down Chevron is in what appears to be a corrective structure.
We will be waiting for a break out of the lower trend line. Once that happens we will watching on lower time frames for a retest and rejection before taking the short position. The targets would be 55, 30 & 15 which are previous strong support levels.
If the rally breaks up and out of the 110 level then this trade will be invalid.
Someone sees a bright future for chevron ( CVX )Oil went below 40$ in August for the first time since early 2009. It did try to mount a rally to no avail before collapsing to 26$. During this time Chevron never made new low. That is a call a divergence, a major divergence that is and that is a bullish sign.
Furthermore, since its August low, CVX printed a nice impulse ( the trend ). The ensuing move looks corrective to us. Now CVX appears to be ready to take off to at least 104 where we will have equality between trending waves. If there's more fuel in CVX then 110 is a major resistance where we have the 61.8% retracement of the previous decline and the apex of a bearish triangle where prices often stall.
Only a move below 69.70 will negate this view
DOW JONES OVERVIEW: CVX IS ON MACRO RISKChevron Corp is on risk to fall further on macro and micro basis.
On long term basis, despite price is trading within 1st standard deviation from 10-year mean, it fell below lower 1st standard deviation from 5-year mean, risking more downside.
On short term basis price is in fully fledged downtrend, trading below 1st standard deviations from 1-year and quarterly mean.
Downside risk will remain until price gets back above 93, which turns out to be a key level - 4 pivot levels converged there now (see chart) and breaking above it will cancel all current downtrends.
Binary Event - Bullish moveCVX is a correlative equity to XOM. These are consist in trend moves comparable to other equities in their sector. You want volatility for the option's play. Right now, CVX is at a crossroads with an IV of 73 and HV 71. With earnings coming up, we're expecting a shift north till the end of this year's first quarter. That's a good play to go deep in options. FEB (22) Call Strike 105 is our target for front month. APR 15 (78) Call Strike is 110 and/or 115. The decrease in IV over the next months in consideration of the options months shows favorable signs of going north. Tomorrow is we'll know.
Chevron Corporation Collapses Off Highs: Buy It HereChevron Corporation (NYSE:CVX) has dropped sharply over the last week. The stock just made a new all-time highs prior, and is seeing profit taking. Chevron Corp will hit support at $122.00. This is a culmination of support trend lines as well as the 200 daily moving average. A significant bounce should occur if this level is hit in the next week. Chevron can be taken as a swing trade.
Gareth Soloway
Chief Market Strategist
www.InTheMoneyStocks.com