$CVX with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $CVX after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 66.67%.
CVX trade ideas
CVX Bullish Megaphone Triangle megaPatternCVX on the 4-hour chart appears to have a megaphone pattern setup.
The price appears to be approaching the confluence of the
midline of the megaphone pattern acting as resistance with
the SMA 200 nearby. If the price can break through it could
head higher to the upper trend line of resistance and the
SMA 100. Blue sky on the horizon. XOM has a similar chart,
Big Oil is still alive and may be diversifying. Warren
Buffet working on accumulating market share for good
cause....so maybe buy the stock or perhaps out of the $
strike of $200 for three months expiration and sell by
late October to avoid Nov 1 earnings volatility
CVX - Chevron long setupChevron Corporation, through its subsidiaries, engages in integrated energy and chemicals operations worldwide.
- Revenue and earnings beat
- Higher oil prices
- High volume
- Above 200 EMA
Chevron Corporation bearish momentumWe are now at the top of the descending channel after CVX broke below the key support. I'd expect a continuation of the price drop, at least towards the 127.2% Fibs.
$CVX CHEVRON WYCKOFF plus INVERSE HEAD and SHOULDER Pattern$CVX Chevron Corp
This is one of my favorite charts because it had a clear UPTHRUST WYCKOFF DISTRIBUTION PATTERN and I was able to short the full measured move down without a sweat and share that with my friends, yay money!
Chevron has completed the full measured move down on the WYCKOFF distribution pattern and is showing signs of accumulation. A few things to note below:
1. Warren Buffet loaded on Chevron.
2. Supply on oil is still low and the demand is high. The government policy on oil refineries doesn't help the supply.
3. The Russia War on Ukraine is still in full effect. (prayers)
4. Their earnings lag, however, this stock will move significantly on news that directly effects these headlines.
5. It is a dividend paying stock, I believe the news will try hard to beat it down so hedge funds can load up.
Like I mentioned above, $cvx appears to be in accumulation, it has formed a decent consolidation pattern.
If you zoom into the 4 hour timeframe you will find a beautiful INVERSE HEAD & SHOULDER pattern developing (flip from bars to line chart for a different view).
The left shoulder shows the highest selling volume bar and checks the box of a textbook inverse H&S.
However, if this pattern fails, I have setup some support levels below.
This one will be on the top of my watchlist next week!
#SuakuFlowsWatchlist - 6/27#SuakuFlowsWatchlist
$CVX C > 147.09 | P < 142.60
$XOM C > 88.40 | P < 85.81
Other tickers that I reviewed but didn't make the WL - $FUTU and $CAT.
Scale out when comfortable.
Check out my setup in my YT link!
Brand new week ahead, let's start it off well 🙏
CVX - Another Over Extended Oil Stock What a shocker..... Another over extended oil company stock.
This is a WEEKLY chart
What do we do with these? Clearly the entire sector is reaching historically significant price levels.
This stock charts out very nicely. There is currently an overshoot to the ascending trendline that has contained price advance in it's history.
Because there is a special situation impacting prices this post is meant to show historical significance.
Obviously a selling situation but don't jump in front of a freight train. Do with it what you will.
CVX and WTZ4 and End of W.5CVX is similar to most stocks while moving along W.(a) after the end of W.5. I often apply my favorite setup together with counting EW. Winning rate is pretty awesome while RRR depends on both its setup and entry price. Enjoy your trading!
CVX New All Time HighsCVX making New All Time Highs on Daily and Weekly
Stock belongs to hottest sector in current market i.e. Energy sector
Price well above 200DMA
Volume consistently above or around 50 Day Average
Measured move target: 200
Ascending Triangle in ChevronEnergy remains the top performing sector this year , and today we’re looking at integrated major Chevron.
Notice the series of higher lows since late April. Combined with the March 10 high of $174.76, they form an ascending triangle. It’s a potential continuation pattern that may open the door to higher levels following CVX’s breakout to new record territory in February.
Second, prices consolidated on either side of the 50-day simple moving average (SMA) before closing at a new all-time high yesterday. That is also suggests the bullish trend remains intact.
Third, MACD has turned positive after 1-1/2 months of pulling back.
TradeStation has, for decades, advanced the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
Important Information
TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. You Can Trade, Inc. is also a wholly owned subsidiary of TradeStation Group, Inc., operating under its own brand and trademarks. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services. It is neither licensed with the SEC or the CFTC nor is it a Member of NFA. When applying for, or purchasing, accounts, subscriptions, products, and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means.
This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates.
Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: www.tradestation.com .
$CVXif we breakout on volume over 176$ level, I see 196$ as next target - lets wait for the breakout
HigherPrice is in an uptrend making higher highs and higher lows ! Price should keep moving higher over the next few weeks/months to reach the upper boundary of the channel ! Just my opinion :)
Rectangle TopThis is a neutral pattern until a trendline is broken with a trend in that direction.
Possible targets for a break to the upside in white type are over the Rectangle TOP. Targets to the downside are in orange type below price. The larger orange type are possible targets 1. The smaller, and even smaller orange type are possible targets if targets 1 are passed. Targets 1 will more than likely be passed if/when this rectangle breaks down.
No recommendation.
There is a Rising wedge below price that is not valid as the lower trendline has not been broken.
Long line of green candles so there is a lot of buyers on board.
Chevron Volume Profile 📊 and Price action analysis 📋On Chevron is nice to see strong buying reaction from the price 137 , there is nice to see strong volume area....
Where is lot of contract accumulated...
I thing that buyers from this area will be defend this long position...
and when the price come back to this area, strong buyers will be push up the market again...
Resistance from the past + Uptrend + Strong volume area is my mainly reason for this long trade....
Happy trading
Dale
$CVX with a Bearish outlook following its earnings #Stocks The PEAD projected a Bearish outlook for $CVX after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 83.33%.
$CVX Breakout - Target 174$$CVX price with #HeikinAshiRangeBreakout and reclaim of lower band of vwap - Target 174$
$200 CVX ?Chevron has confirmed the resistance channel structure which it broke several weeks ago is now acting as solid support.
As long as CVX continues to settle on a weekly basis above the BLUE channel structure which it retested last week, $200 isn't out of the question.
Especially on the back of crude oil strength if the energy market stays strong, CVX will in fact continue to benefit from the underlying sector rally.
Timing ... 3 - 5 months? I'd be considering a call option 6 with a 6 - 9 month expiration from now if I was going that route.
As always, time will tell ... but I like the setup!
Chevron USA Sun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series
Focus: Worldwide
By Sun Storm Investment Research & NexGen Wealth Management Service
A Profit & Solutions Strategy & Research
Trading | Investment | Stocks | ETF | Mutual Funds | Crypto | Bonds | Options | Dividend | Futures |
USA | Canada | UK | Germany | France | Italy | Rest of Europe | Mexico | India
Disclaimer: Sun Storm Investment and NexGen are not registered financial advisors, so please do your own research before trading & investing anything. This is information is for only research purposes not for actual trading & investing decision.
#debadipb #profitsolutions
CVXCVX closed the week at 156.67, underneath key golden zone resistance at 157-159. If CVX can continue to break, we can see it test 147 soon. Daytrades and swings can work underneath 152.48. I would not consider a longer position unless CVX breaks 145.
$CVX Bull Pennant?$CVX seems to have a nice pattern here. Looks like it got ahead of it's self on that last major upside move but, has now slowed and putting in a pennant base. I'll be looking to go long on ANY high volume up day from here. Today? TBD. Ideas, not investing / trading advice.
