CHV trade ideas
Chevron sell the rallyAfter a strong impulse down Chevron is in what appears to be a corrective structure.
We will be waiting for a break out of the lower trend line. Once that happens we will watching on lower time frames for a retest and rejection before taking the short position. The targets would be 55, 30 & 15 which are previous strong support levels.
If the rally breaks up and out of the 110 level then this trade will be invalid.
Bearish Gartley and Bearish Pinbar after earningsWeekly bearish Gartley - $CVX
The Gartley's PRZ is between 103$ and 110$.
You can see that the pattern completion zone also comes with a weekly structure zone and in addition, last week's weekly candle closed as a bearish Pinbar pattern.
Aggressive traders can probably seek for reasons to sell $CVX as long as the price respects the PRZ.
More conservative traders should probably wait for a close below 100$ to confirm a False Break to that psychological level.
Based on the weekly chart, $CVX can decline towards 90-91$ to complete a weekly correction move.
The 98$ zone, a daily support zone, can also be used as potential target zone for those who seek for shorter term trades.
Tomer, The MarketZone
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"SWING UPDATE" $CL_F $USO $DWTI $UWTI $Oil $XLE $DTO $UCO $XOMPRICE PANIC FLUSHS
HITS POTENTIAL SUPPORT.
FORMS INSIDE BAR
THRUSTS UP
THEN RETEST.
"STUDY THIS ..OVER AND OVER AGAIN
On short watch for 50sma testEnergy and equities are long in the tooth here.
CVX is up against huge resistance.
The bulls have to be careful with Chevron.Chevron is pretty much following the expected path but now caution is warranted. We are quite confident there's some life left in the Energy sector that should push CVX towards 104 our ideal target with a possibility to reach 110 the 61.8% retracement and the apex of a previous triangle but with the overall stock market getting a bit thin I would definitely take some money off the table above 98.
Simple Trading Techniques – Pullback Candlestick Strategy
Go long the CVX if it trades at 95.05 or higher. If triggered, place your stop at 92.42 and exit the position for a profit at 97.18 or at your own discretion. (Signals are valid for 1 day only. Always invest wisely).
Learn the rules of this strategy at: www.udemy.com
"On its way to Balance"Big Momentum Buying pressure.....
.as Oil hits higher Magnets ...CVX has its own agenda higher also.
"GETTING TO BALANCE"Retest of lows.....now working its way to higher prices.....Swing traders can nibble on higher swings with "Price Action Entry"
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
