God Bless The Oil Industry. (CVX)50 year parallel channel shattered. It took 50 years to get there, how many will it take to come down?
Be patient. Give it some time to breathe.
Cvx_buy
CVX SELL (CHEVRON CORPORATION)Hi there. For short term, price is forming a continuation pattern to the downside. Wait for the price to complete the pattern and watch strong price action for sell.
For longer term, wait for the price to hit the bottom of the bigger pattern and watch strong price action for buy.
Why CVX is considered for buying?The considered growth of the Chevron stock price probably won't last long. Need to wait and see, check the additional info.
CVX @ daily @ closed higher last 3 trading days every dayThis is only a trading capability - no recommendation !!!
Buying/Selling or even only watching is always your own responsibility ...
.zip (with PDF`s) @ my Google Drive
Closings Bullish (Dow Jones Index incl. all shares)
drive.google.com
Best regards :)
Aaron
CVX @ 1h @ will the 116 & upside trend (since end of oct) hold ?Take care
& analyzed it again
- it`s always your decision ...
(for a bigger picture zoom the chart)
Best regards
Aaron
CVX @ 15 min @ GAP (116 & 118) should be a recreational poolCVY 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 in something like a breakout-formation (two times higher highs & higher lows) - but under weekly high from monday. And from thuis point of view, i am wouldn`t wondering if CVX the GAP develop to something like a recreational pool next week (between 116 & 118) ...
Take care
& analyzed it again
- it`s always your decission ...
(for a bigger picture zoom the chart)
This is only a analysis (for swing traders) - no recommendation !!!
Buying/Selling or even only watching is always your own responsibility ...
With swing trading i mean (in this context) until end of this trading week :)
Best regards
Aaron
CHEVRON @ 15 min @ last big Resistance around 109.27 left behind2014 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 between 111.28 & 110.64
These are all buying oppurtunities - this week & next week.
Take care
& analyzed it again
- it`s always your decission ...
(for a bigger picture zoom the chart)
Best regards
Aaron
