CVX trade ideas

ChartDudes

Good looking RSI here and potentially MACD. If we can get a clean break above this area it could have room to go. Cheers,

EPSMomentum

The PEAD projected a neutral outlook for NYSE:CVX after a negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 45.45%.

MikeMM Updated 

If you just take a look at the chart, you can see we have had the deviation below support, broke back above, and are currently retesting. this implies to me, that at the very least, Oil stocks , or chevron specifically, will keep pace with the s&p500 at the very least, until it is ready to massively outperform.

allenadarts

Closed in green in the past 3 days, but not good enough volume. Wait till it above $160.02, or the volume indicator confirms

lauralea

Neutral until broken. Some would measure the wide end of the triangle and project it from the up or down from the point of the break be it up or down. No recommendation

RS3175

CVX consolidated for two months from May to July 2023 (larger rectangle). Moved up slightly and started consolidating again. Price is now above 20/50/100 EMAs and just below 200 EMA. Likely to break 200 EMA soon. Uptrend to start by end-August with PT of 180 by end-2023.

faridsalim308

We notice that we are in the process of a small correction for the downside, and there is an increase in the selling momentum, and we wait for the buying momentum to weaken in the correction, and we sell,

Stoic-Trader

I´m considering this whole sideways movement to be a flat correction. Therefore, blue wave C would occur in 5 subwaves, giving me the expectation of a new lower low below 150. Invalidation is at 172.88.

allenadarts

To the moon. Our next target is $167.93 Hopefully it always above $161.31

aferraram

After large spike in gas/oil prices recently a correction is in order. Looking for this bearish trend to continue and for CVX to retest resistance before going to support.

MikeMM Updated 

Sure tech can have another couple % up as the rotation is underway, but this chart looks quite convincing to me especially with the weekly bullish div on the macd. Then we have a bullish engulfing weekly candle... Atop of that, last week Cramer said this oil rally should be faded. Buffet has been buying oil (oxy) which is also an interesting play. Although he...

MikeMM Updated 

Theyre sniffing something out, anyway. were forming a bearish descending triangle... I suspect this breaks and brings us back to support. maybe lower.

Saman_fxtrader

Hello friends. Today, I counted waves of CVX (the stock of Chevron Oil Company). I hope you will like it. After completing a full 5-wave, price is now completing wave c of corrective A. The decline will probably continue until the bottom of the channel, then we will witness an upward movement to complete wave B.

Lextrading

CVX rallied off the yellow TL, which seems to be the neckline in this possible head and shoulders formation. At the moment, it looks like it is forming the right shoulder around ~$180. Looking back to 2007, the stock has very defined levels of support and resistance.

allenadarts

Chevron closed above $158.58, last week. It has a long tail and still in the cloud. Hope it lasts UpTo $164.04

lauralea

The support line of this horizontal trading channel is strong due to multiple touches. Targets are calculated using the height of the channel. It is a neutral pattern until broken. This did break up but fell back into the channel. No recommendation.