CHV trade ideas
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
Are the bears coming?A engulfing bearish candlestick pattern around resistance zone, that's shows a double top, can attract some bear power.
Chevron I'd like to go up to 125 - 127 per shareI'm not loving Chevron, but it has potential and I would feel cozy at 125 - 127 per share.
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