Chevron Corporation stock discussion
CVX This is a stock to keep an eye on. I’ll have further analysis soon. There could be more correction in the near term but there are a lot positive catalysts unfolding within their ecosystem.
CVX The HESS deal opens up access to proven oil reserves at very low breakeven prices in the Guyana region. Liza phase 2 is $25 Payara is $32. For a LT perspective CVX is placed well to capitalize on these assets long into 2030.
CVX stock will explode to the upside once this correction is completed. It will enter a new supercycle.
CVX long position 1H
CVX Compression Zone Break out possible
CVX 167.10 is obviously big for CVX. Not only was this was the bottom of the Nov-Dec selloff, it was also an ultra high volume day. 