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CHEVRON CORPORATIONCHEVRON CORPORATIONCHEVRON CORPORATION

CHEVRON CORPORATION

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CHV trade ideas

CVX to find buyers at current support?Chevron Corporation - 30d expiry - We look to Buy at 150.33 (stop at 146.33) 150 continues to hold back the bears. We look to buy dips. 149.91 has been pivotal. 149.74 has been pivotal. This is currently an actively traded stock. Our profit targets will be 160.33 and 162.33 Resistance: 155.00 / 157.00 / 160.77 Support: 152.00 / 149.74 / 148.00 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
NYSE:CVXLong
by VantageMarkets
EW analysis - CVX gathering new strength or loosing steam?In the short run we will probably see rising prices in the gas and oil markets. Can energy companies like Chevron benefit from that expected movement? It is not easy to tell. This year so far the performance was quite meager. But in the near future we should see an upward move in CVX. The only question is, whether it is a final move without much steam or the beginning of a large wave 5 that could lead to a DOUBLING of prices. At the moment I prefer the second interpretation. Then would we have seen is a double 1 - 2 as illustrated in the chart. The alternative would be an expanding ending diagonal as illustrated in the chart below. In both cases we should soon see a move to the upside. But in the case of an ending diagonal the gains would be capped somewhere between 210 an 220 USD. At the moment I favor the first interpretation (double 1 - 2). Pros: Both upward moves look impulsive they can be counted as five waves I expect the general market as represented by the S & P 500 to appreciate big time Energy prices will climb in the near time Wave 5 in a commodity related stock often expands and is the largest wave Cons: CVX profited from high energy prices due to the Russian-Ukrainien war last year Green energy an ESG could become a problem for CVX Higher energy prices will not be sustainable in the long run An ending diagonal in a commodity related stock is rare.
NYSE:CVXLong
by Sideshow83