CVY got an challenging 15min chart - no question !!! But also tradeable ... The trend channel starts more or less around 114 & 116 this week & ends around 115 & 117 more or less. But much more important is the GAP (after OPEC news while weekstart - even last monday) even between 116 & 118. `cause you can see, while last trading day (on friday) traders traded CVX...
2014 CVY was traded between 109.27 (low before ATH) & 135.10 (ATH) Important is my opinion, from the technical point of view also the fact, that the 1st Downside Wave after ATH (Aa, Bb & Cc) created a last high (C) by 120.17. And this should be also the first target into 2017 ... 1st GAP bewteen 113.14 & 112.48 2nd GAP between 112.55 & 112.07 3rd GAP...
Maybe the most interesting technical picture of all DOWI shares !? How ever, this week was very exciting - very volatile and created an ambitionaly SetUp ... 113.29 CVX closed @ todays Thursday Trading Day 112.98 CVX was Yearly High 2015 107.68 CVY was Yearly High 2016 (before Trump Election) Actuallity Trading Box (last 2 trading days) is the way to...
Technically Speaking CVX is holding the $100ish pivot level. The longer it holds the more likely the next move will be to the upside. Fundamentals Here is a company summary. What to do? First, is this a trade or a long-term holding? What is YOUR time frame? You have to decide. The R/R favors the long side, in my opinion. A long position here, stopping...
Signals rising wedge with breakout flag with breakout Sell 102.00-101.00 Stop-loss 103.60 (flag's high) Target 93.50 (sizing+strong support) R\R ratio 1:3
After a strong impulse down Chevron is in what appears to be a corrective structure. We will be waiting for a break out of the lower trend line. Once that happens we will watching on lower time frames for a retest and rejection before taking the short position. The targets would be 55, 30 & 15 which are previous strong support levels. If the rally breaks up and...
Oil went below 40$ 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...
A clean and neat impulse wave followed by a nice Zig Zag correction. Break out of the correction pattern can give us another impulse.
Chevron 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...
CVX is a correlative equity to XOM. These are consist in trend moves comparable to other equities in their sector. You want volatility for the option's play. Right now, CVX is at a crossroads with an IV of 73 and HV 71. With earnings coming up, we're expecting a shift north till the end of this year's first quarter. That's a good play to go deep in options. ...
Chevron Corporation (NYSE:CVX) has dropped sharply over the last week. The stock just made a new all-time highs prior, and is seeing profit taking. Chevron Corp will hit support at $122.00. This is a culmination of support trend lines as well as the 200 daily moving average. A significant bounce should occur if this level is hit in the next week. Chevron can be...