"GETTING TO BALANCE"Retest of lows.....now working its way to higher prices.....Swing traders can nibble on higher swings with "Price Action Entry"
CHV trade ideas
CVX Looks to hit $94 in the Short TermBased on the Short Term bullish activity of CVX, I think the stock will hit 95 and maybe even 98 within the next few weeks or months. I would set a buy limit of 85 with a stop at 82. To mitigate risk or free up capital, If CVX cannot close above the 100 EMA on the Daily by the middle of March I would exit the position.
Summer also the opportunity to send the stock up past the 2 Fib target. The Stock has a 3:1 reward:risk ratio at $94 with this buy-stop position in place.
The Middle of Chop....Wait for Market Structure areas to initiate.
Very possible retest of the lows around the mid year
time frame.
Dogs of the DOW One Year EntranceThe current Dogs are: CVX, CAT, VX, PFE, CSCO, IBM, BA, MRK, INTC, XOM As soon as you get a Daily Close of any of those stocks, above that 33 Exponential moving average that is offset by 4, buy the stock, and hold it for the year, up to February 24th, 2017. That's it, that's the entire strategy
$CVX Pull back before it goes big!Pattern is repeating. Getting long on the pull back at $81. My Target is $98
Someone sees a bright future for chevron ( CVX )Oil went below 40$ in August for the first time since early 2009. It did try to mount a rally to no avail before collapsing to 26$. During this time Chevron never made new low. That is a call a divergence, a major divergence that is and that is a bullish sign.
Furthermore, since its August low, CVX printed a nice impulse ( the trend ). The ensuing move looks corrective to us. Now CVX appears to be ready to take off to at least 104 where we will have equality between trending waves. If there's more fuel in CVX then 110 is a major resistance where we have the 61.8% retracement of the previous decline and the apex of a bearish triangle where prices often stall.
Only a move below 69.70 will negate this view
DAILY VIEWLARGER PULLBACK FOR THE LAUNCH .....IT NEEDS TO CLEAR RESISTANCE ,
OR BACK DOWN TO SUPPORT.
MONTHLY VIEWPOSSIBLE 3 DRIVE PATTERN FORMING ...A HIGHER LOW AND A BREAK OF THE SWING HIGH WILL CONFIRM A LARGER MOVE.
Buy set up from a short term corrective move.A clean and neat impulse wave followed by a nice Zig Zag correction.
Break out of the correction pattern can give us another impulse.
cvxDown trend should be put at strike price 85.4
But down trend was conflicted with bullish bar, then 2nd plan is call at strike price 85.74
15% off August low while oil is a new low is a relief itselfClose above 82.75 will encourage me to add more but close below $81 will not like it. Real-time alerts go www.2waytrading.com
Chevron Corp.: How about a Swing?The Head&Shoulders on Chevron Corp is still valid, until the rejection level is breached. Although the Throwback faltered, which has sent the equity towards the rejection level, breaking out of the Neckline, will send CVX seeking 77.31, with 82.73 as a primary objective.
CVX1. Buy call when open higher close price.
2. Stop when CVX is under the support line.
3. Exit when meet the target at 98.14 or nearest.
4. Strategy EMA5>MA21 and passed the resistant line'
DOW JONES OVERVIEW: CVX IS ON MACRO RISKChevron Corp is on risk to fall further on macro and micro basis.
On long term basis, despite price is trading within 1st standard deviation from 10-year mean, it fell below lower 1st standard deviation from 5-year mean, risking more downside.
On short term basis price is in fully fledged downtrend, trading below 1st standard deviations from 1-year and quarterly mean.
Downside risk will remain until price gets back above 93, which turns out to be a key level - 4 pivot levels converged there now (see chart) and breaking above it will cancel all current downtrends.
At a crossroadsRejected the 180ema.
Not oversold.... yet
Kissing the broken downtrend.
Might find support on the trendlines below if oversold.
All hangs on the $CL_F outcome and oil is overbought for now.
Multiple Short Patterns and Indicators for CVXApril 15
Bought my April 24 108 Strike puts
Top of 135 Drive
Previous Resistance
1.272 Extension
786 Retracement of XA
(2) ABCD patterns at same D
Over bought on Stoch and RSI with bearish Divergence on both
(LIVE TEST) - STEVE PRIMO #8 SETUPS - (DAY 1)Here We go, Second Stock Strategy from Steve going live testing.
Enter - Setup +1 day Candle Breakout
Exit - RSI Extreme.
