CVX - longer term entry maybe. Closed below the 200 SMA on the weekly. Bearish retest Gap. Dan Walsh is looking for a longer term entry and trade. IF CVX closes above 112, I would be more bullish than bearish for the short term. If CVX breaks the 108 low, could buy protective puts. Longby Reallifetrading440
Chevron - CVX - Daily - Anatomy of the recent TRENDSHere is the method that I look for trade setups: Look for RgMov to reach a 2 month high and then buy dips to oversold in 11-day CCI. Look and see where the quarterly "key hidden levels" are for support or resistance. Buy only if the stock climbs above the lowest high in the dip. Exit when CCI reaches +100 or falls under a previous day's low. On shorts, sell only when it drops under the highest low of a rally. Cover when CCI reaches -100 or climbs over a previous day's high. CVX has been a money machine with all but 1 losing trade giving it a batting average of more than 800. (5 out of 6) Tim 11:12AM EST 9/25/2014 Thursdayby timwest101017
Chevron Corp -CVX -Daily -Reshorting here on the bounceFollowing the previous trade-plan to sell on a bounce. The CCI is lifting just like the rally in January. A reading of "0" in CCI would be fine if it CVX heads up again tomorrow. The downside is to 119 target for this next swing trade down. Tim 4:15PM EST 124.96 last Shortby timwest10105
Chevron Corp -CVX -Dailiy - Oversold in a Major DowntrendNote the current decline and compare it to the decline in January-February. The current oversold level will relieve itself with a small rally and a new down wave can commence. 114 target by year-end. 122.89 last. *** Key Hidden Levels are a subscription service available at "MarketPlace Add-Ons" Tim by timwest663
CVX - hourly forming double bottom, on daily and weekly supportDivergence Status: Long Cost basis: $123 Stop: First price target: 126 Technical: Horizontal S&R: no Trend line S&R: yes, 3 lines Channel S&R: yes MA S&R: yes, 200 Pearson's R >= 85: yes, but early Price @ MOB or Fib Ext >1.38<1.62: AO divergence: yes Fundamentals: Next Earnings date: 10/30 IBD EPS Rating: 54 IBD SMR Rating: CLongby SR6181
CVX Triple supportPullback Status: Long Cost basis: 122.83 Stop: First price target: 125 Technicals: Trend line S&R: yes Channel S&R: early MA S&R: yes Pearson's R >= 85: early Price within Fib Ret..62: yes Stochastic turn/crossover above 80%: no. too early AO pullback >0<1.38: could be forming divergence Fundamentals: Next Earnings date: 10/30 IBD EPS Rating: 54 IBD SMR Rating: C Longby SR6182
Chevron Corp - CVX - Daily - Turning down from key resistanceKey Hidden Levels are working well in CVX to show the various reaction points well in advance. Subscribe at "Indicators" -> "Marketplace Add-Ons" -> "Key Hidden Levels" for a low monthly fee. Tim 3:23PM EST 9/2/2014Shortby timwest446
CVX Long EntryBullish momentum divergence occurring at a major support level for CVX which also happens to be hitting the 100 SMA. A couple of candles of indecision make it look like CVX could be prime for a climb to its newly formed resistance level. Longby JoeHayes0
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 Longby InTheMoney_Stocks5
Chevron Projected to Rise Around 8%, Classic Elliott 5-Wave1) Price has been trading within an Uptrend Channel, since Sep 2012 2) Price was resisted against 128.00 from 2013 to 2014, with an attempt to break the Channel Trendline on 2014-01-30. However this turns out to be a false break, with price trading back into the Uptrend Channel 3) We note a classic Elliott Wave developing, from 2014-04-14 to 2014-07-15, with a 2 clear impulse waves and 2 corrective waves. Given the cluster of Support buying at 128.00 levels, it is projected that Price is ready to breakout above 132.00 and trade higher, forming the next impulse wave. Theoretical Price Projection: a) 139.76 (Assumption: Wave III = Wave V) b) 147.02 Upper Channel Limitation: Any upward move will most likely be bounded by the Upper Channel Line Time Limitation: The projected strong upward price movement should happen within 12 Trading Days, after price closes above 132.00Longby BreakOutArtist110
chevron breaking out of a 3 year 3 month consildation rangeOn 5/19/2008 chevron put in a key swing high ( resistance level) at 104.63. Shortly after the swing high Chevron Sold off and found support. After the bounce of support the market got very choppy and on the close of the weekly candle stick of 10/18/2010. Price of the close of the candle stick was 84.55. Then market started to break out to reach the swing high of 104.63. Now I want to quickly point out that it took from 10/18/2010-3/21/11 which is a little over four months for the market to reach the swing high. That range of 84.55 to 104.63 is 20.08 cents. After the market reached the 104.63 price level on 3/21/11, it took until 5/20/13 for chevron to go up another 20.08. Also not that it has stayed in a 23 dollar range for the time period between 3/21/11 to 6/9/14 ( depending if this week candle stick closes above 127.91) That range lasted 3 years and almost 3 months of consolidation. If the market can close above the 127.91 support level, look for the market to either pull back and bounce off of the 127.91 support level or the market may have enough momentum to not see a pull back and shoot up 20 dollars. Longby tradingformoney2
CVX breaks downThis week CVX broke down from its retracement. On Tuesday there was a shooting star, followed on Wednesday by another candle forming the double negative of a tweezer top with dark cloud cover. After bad earnings on Friday it created a breakaway gap. The last three down moves (head and the two shoulders are around $12 each time in about 25 days. I am looking for a move in the next 25 trading days to $110.Shortby oldfolkie0
Head and Shoulders TopThis week I will post two Oil stocks (CVX and TSO), both appearing to meet the requirements for Head and Shoulder tops. You may want to put them on your watch list. This pattern is the easiest recognized, but can turn into an Acc/Dist pattern if the classic rules are not met. Beyond the H & S pattern he first rule is an uptrend line is broken as this did in June. The most important rule is that the volume decreases from the Left shoulder to the Right shoulder using CMF or OBV. Next the neckline breaks and then a retrace occurs to the .500 Fib. I also like to use the 200 day SMA (I first began TA after reading Joe Granvilles book and use his rules for the 200 day, (and yes I know he fell out of favour). CVX appears to be meeting all these requirements although it may still go to the $120.00 level. I believe it needs to confirm the pattern by re-breaking the neckline. As earnings are reported on Nov 1st it may move sideways before going down. Remember predicting a three day weather forecast is 25 times more accurate than a three day stock forecast. Shortby oldfolkie0