Our mission is to help you obtain financial freedom. Checkout Our Youtube Channel Checkout Our Youtube Channel

CVX is Neutral With Two Key Price Levels to Monitor

$CVX has lost support at the light blue resistance line, and this light blue trendline has flipped into resistance. CVX is trading above a yellow support level at $131.47. There is neutral price action here, and I think CVX doesn’t have a clear direction for now. I would look for buy opportunities at or below the yellow trendline if CVX starts trending down, I think there will be a rebound there. If CVX starts trending up I would monitor for a rejection at the light blue trendline. I think CVX should find a direction within a few weeks, and I’d be happy to revisit the chart.

ChartChamp socials: https://linktr.ee/realchartchamp

Inline Feedbacks
View all comments

More ClearValue Insights

Default Thumbnail

QQQ Drops Below the Light Blue Trendline

$QQQ had a very bearish week with a steep drop below the light blue trendline. Next week I’m interested in seeing if the bleeding stops, and whether QQQ starts to trend back up to retest the light blue trendline again. ChartChamp socials: https://linktr.ee/realchartchamp

Read More
Default Thumbnail

Bearish Week for SPY, Likely to Rebound Still

$SPY had an extremely bearish week with a strong decline from $513 to $499. This week belongs to the bears, but I think SPY has been trying to rebound. Next week we’re likely to see some sideways price action and attempt to rebound. ChartChamp socials: https://linktr.ee/realchartchamp

Read More
Default Thumbnail

OPRA Swing Trade Setup – Seems Like a Great Setup for Call Options

Buying OPRA Between $13.56 to $14.72 Sell Targets: Stop Loss: There are 5 analyst estimates for OPRA, and all 5 of them have given OPRA a buy rating. OPRA reported strong Q4 earnings, and could have a strong Q1 performance as well. The options flow suggests a bullish long-term sentiment with significantly higher long-term call […]

Read More