AnnabelleTrader

Swing Trade Buy Level On $CVX

Long
NYSE:CVX   Chevron Corporation
9
Chevron Corporation (NYSE:CVX) continues to trade at multi-month lows and the downside still has a little more to go. Investors should expect continued weakness on mega energy company Chevron Corp until it hits $103.75. At that point, Chevron becomes a buy for a swing trade. The upside will come quickly, probably through more middle east tension on oil. Smart investors will wait patiently to buy Chevron Corp at $103.75, then sell when it bounces to $107.50.

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