Sadly Nike NYSE:NKE gapped down yesterday on Friday.
According to an article By ZACKS written On 21 Dec. 2023,
"Chevron CFO urges employees to do better after the 2023 miss"
Using the rocket booster strategy you can tell that this stock is in
a downtrend.
Chevron is in the oil and gas industry.
looking at the chart you can see this stock is...
Took an initial entry in CVX for about 1.25% of the capital. Expecting a potential move of about 33% from the current levels.
Anticipating a potential upward movement of around 33% from the current levels. It's noteworthy that CVX holds the fifth position in Warren Buffett's Berkshire Hathaway portfolio, according to the latest 13F filing.
Will consider adding on...
Chevron's profitability could be negatively impacted. Chevron's stock is sensitive to fluctuations in oil prices. If there are expectations of a sustained decline in oil prices
Hi Traders!
Let's take a look at CVX analysis on a daily timeframe. The price has just broken the downsloping resistance line. We expect the price to rise to the previous horizontal resistance. We would open a long position right now because the price is breaking at the moment.
Do you agree? Let us know!
cvx on the month chart as we see in the pic has created a head and shoulders pattern looks like neck line on month chart looks to be in a downtrend heading to the previous white line
The world's third largest oil and gas company by market cap.- CHEVRON is ending a year long triple three correction.
The stock shows a good setup with high chances of moving from current levels of 144 towards the 170 mark(15% upside).
The stock is also standing at a crucial channel support that it has respected and reacted to on two different occasions in the...
NYSE:CVX At 50% Fibonacci Support Level ### Technical Analysis Update: Chevron Corporation ( NYSE:CVX ) at Critical Fibonacci Support Level
Chevron Corporation ( NYSE:CVX ), a major player in the energy sector, is currently trading at a key technical juncture, specifically at the 50% Fibonacci retracement level. This level is of particular interest to traders...
The only question I have, is if were going to break above or below the channel when the time comes.
There are a couple of charts I want to post in the updates after this to explain why I think we break to the upside.
NYSE:CVX was the Dow 30 component that had the highest loss on Friday.
The chart clearly shows that the earnings report was not going to be good. The pattern is a failed bottom as there has been rotation to lower inventories of the stock for most of this year.
Declining Accum/Distribution indicators at the lows of the range followed by a negative divergence...
NYSE:CVX
Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial...
Yet again we are going for the short setup on CVX. As we can see the price is near the supply area, and we expect quite a fast drop starting from today.
If you haven`t bought CVX here:
or sold it before the previous earnings:
Then analyzing the options chain and the chart patterns of CVX Chevron Corporation prior to the earnings report this week,
I would consider purchasing the 157.50usd strike price Puts with
an expiration date of 2023-11-17,
for a premium of approximately $3.42.
If these options prove to be...
We have another piece of news on the American radar. Chevron buys Hess Corporation.
This could have a negative impact on CHEVRON's share prices in the short term, until the results of its newest acquisition are incorporated into its balance sheet!
A point of support at the moment would be the 155.40 region. If this price range is lost, we have another support...
In these analysis we are updating our potential downside target, which is now much higher than we originally had. The RR becomes simply huge, which would be extremely profitable if target will be reached.
As always, we are posting exact signal with stop loss and take profit in our channel.
