CVX trade ideas
What can I Say About These ClownsCorporate Vision is Important. I can’t stress that enough. It’s also important to work on one’s flaws, to be the best one can be. I look at this Crew and I just shake my head. Some how these F’Ups manage to succeed and move forward despite themselves. I guess there is a lot to be said for being in the right place at the right time…
This is a company I know way too much about, technologically and financially. These guys invest in their business, but they are always playing catch up technologically. They have no problem putting money into their operation in order to conduct business, but their capital utilization is horrifically low. These guys will never be the innovators of their industry, but they will squeeze the last drop of value out of the technology they have.
The Elliot Wave pattern implies that after this decade, this company should do really well. The company is positioned really well to take advantage of the growth in the middle class of the Asian markets. Could be a pretty bumpy ride in the mean term.
CVX Looks to be Completing Wave C Agianst SupportLooking at a weekly chart, we appear to be holding support while finishing the 3rd corrective wave following a successful 5 waves up starting back in 2015.
Medium term, this appears to again be a buy and hold
Selling Chevron sharesAt the daily chart of CVX shares, the price has started a new downtrend, as the instrument has fixed below Alligator indicator with AO crossing below the zero line. Also, a sell signal was formed in a form of the fractal, breakdown of its level would be an optimal level to open short.
Chevron (CVX) Price Prediction August 10th 2018This is a price prediction for Chevron I made using Gann angles and Ichimoku graphing. I am predicitng it will reach the green area and rebound upwards.
CHEVRON shares Buy IdeaCHEVRON shares Buy Idea @Weekly Demand Zone (108.54 - 105.34)
Buy Limit: 108.77
Stop Loss: 103.87
Take Profit: 119.45
Chevron - Wave 5 BeginningCVX showed a bullish divergence (1 hour chart) with Price/RSI on 5/29 - 5/30 and currently looks poised to follow a move up with oil price. Price target of ~$135, or a ~9% increase from current price level.
CVX Possible Short Term Pain, But Looking Good Beyond That.Bearish short term ABC correction waves forming with H&S pattern, and possibly bullish mid term reversed H&S pattern forming with a new 12345 wave cycle. Long term seems healthy (possible bullish triangle forming) to break '14 highs.
Chevron, CVX, Bull Put, Credit SpreadI am not licensed or certified by any individual or institution to give financial advice. I am not a professional Stock trader.
Chevron (CVX) gapped down today, big time; but it couldn't break the 100 Day Exponential Moving Average (EMA). If you look back to October 27, 2017 (see the purple arrow I inserted on the lower left of the chart to mark the date) Chevron did the exact same thing. It proceeded to go back up. I think it will repeat itself in the coming days. It used the 100 Day to bounce and will go back up. I typed up the strategy I used for this play and you should be able to see it on the chart. The 200 Day EMA is sitting just above $118.40ish giving this play more than $4.00 of cushion. Additionally, next week is a short trading week in the United States due to markets being closed on Monday in observation of Memorial Day. That means this Stock has four days to not go down more than four dollars, and the Credit from opening the play is kept. Yes, you could tighten the spread; but having the 200 Day EMA adds a little protection, and I'm still learning how to do Spreads. :)
CVX in bearish momentum CVX is in a bearish moment if the resistance proves to be real as the chart indicates
