4CVX trade ideas
A midterm trade with 30% opportunity..!Entry: at the market opening price
Stop loss: 10%
Reward/Risk: 3
Target range: 30%
Time Frame: 4-12 wks
Possible gain: 30%
Possible loss:10 %
Position size: 5% of trading capital
You can see the most important support(green line) and resistance (red line) levels.
Best,
Dr. Moshkelgosha M.D
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CVX/AAPLMarket leader of old and one of the leaders this year in $CVX - this shows the ratio of CVX/AAPL - I put a rectangle around some candles I found interesting.
- pink circle shows the breakout
-blue arrows shows the RSI trend
CVX right now is trading at a multi-year high, I don't know how much higher it can go - what I do know, is every chart I am looking at on Oil on a multi-year level is screaming buy
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Three reasons to short CVX stock.The first is that the price has reached the upper line of the uptrend channel.
The second is tight spreads on the January 26-27 high volume bars.
Third - the White House doesn't like prices too high because expensive gasoline increases consumer spending, which lowers the president's rating.
CVX stock price is at a record high because of high oil prices. But the chart says there are massive sell orders in the market that are holding back the uptrend. Perhaps it is profit taking by big players in anticipation of lower prices.
Fundamentals - Chevron earnings 1/28Chevron (CVX) earnings are tomorrow on 1/28 at 6am. Chevron (CVX) reported Q3 September 2021 earnings of $2.96 per share on revenue of $44.7 billion. The consensus earnings estimate was $2.21 per share on revenue of $40.4 billion. As you can see from this Fundamental analysis, Chevron has a high price right now with its P/E above average, based on the past 7 years. I'm posting this as short because there's hardly any upside left. Even with inflation worries CVX is trading at a higher P/E than many companies nowadays. I don't buy into dinosaur juice bulls thesis WTI absurd price target for the rest of the year.
Q4 December 2021 Consensus:
EPS = $3.10
Revenue = $43.92B
Fundamentals:
P/E = 26.26
EPS = $3.19
Revenue = $42.35B
Cash = $6.244B
D/A = .16
Div/Yld = 4.002
52 week high = $137
52 week low = $84.57
Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...
*3x lucky 7s of trading*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet
7 Common mistakes:
+5% portfolio trades, capital risk management
Beware of analyst's motives
Emotions & Opinions
FOMO : bad timing, the market is ruthless, be shrewd
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation
7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big, organized desk
Reading books, playing chess
Sorted watch-list
Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
TTC - trend channel
AlertiT - notification
tickerTracker - MFI Oscillator
www.tradingview.com
$CVX Nearing all time highCVX is looking to hit a new ATH soon. I would expect it to run through, retest and then resume higher. A lot will be dependent on the data that is coming out over the next few months. Based on what SLB said, I think CVX will also see benefit from this economy and government involvement. Gold and Oil will be the new tech for 2022 lol. Ridiculous to even think about except that we can thank the Federal Reserve for this lovely situation.
This is not intended as investment advice. It is for informational purposes only. Good luck!
1/16/22 CVXChevron Corporation ( NYSE:CVX )
Sector: Energy Minerals (Integrated Oil)
Market Capitalization: 248.594B
Current Price: $128.96
Breakout price: $129.10
Buy Zone (Top/Bottom Range): $119.70-$114.70
Price Target: $143.80-$145.00
Estimated Duration to Target: 154-160d
Contract of Interest: $CVX 6/17/22 130c
Trade price as of publish date: $7.20/contract
Chevron due for a correction. CVXThis one is quite beautiful. You can even see the momentum drop off on the candlesticks alone. We are going down. This move is likely to be a part of a more complex correction that started a little way back.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!
CVX - Major reversal ahead?Dear subscribers, lets come together to discuss Chevron. NYSE:CVX
The American oil industry and it's major companies are currently very interesting.
Some time has passed since the collapse of the oil price and the massive drops in companies like Chevron or Exxon Mobil.
In the past year those stocks as well as the oil price have rallied tremendously and Chevron has literally experienced a price explosion.
Now we have spotted a very important chart formation in the Chevron stock, a so-called "Rising Wedge" , which marks a major trend reversal according to the Elliot Wave Theory.
From the image shown on the left, you can see the 1-2-3-4-5 movement and the following correction in wave II.
We now have reason to believe that Chevron is in the last breaths of its rally and is on the verge of a massive price collapse.
In that case, wave II could set us back to prices in the $88 to even $67 range.
In this correction, it is highly recommended to remain calm and take advantage of this rare opportunity.
Because after this correction will be completed we will see prices above 200$ over the next years.
In addition to that, Chevron is an extremely attractive stock due to its very high dividend.
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