I’m looking to short sell $CVX and will be watching Monday pre-market to evaluate.
🎯🎯🎯 CVX: Short-Selling Opportunity - Targeting Fibonacci Extensions 📉🎯🎯🎯
Kia ora Tiger traders! 👋
Chevron Corp (CVX) is presenting a great short-sell opportunity. The price action, along with Fibonacci extensions, points to potential buy-back zones, aligning with the green support line on the chart. Here’s a breakdown to guide your strategy.
📊 Current Snapshot: Chevron Corp (CVX)
- Current Price: $138.56 📉
- Support Target: $136.22
- RSI Levels: RSI6 = 18.34, RSI12 = 28.51 – bearish momentum is in play.
📉 Fibonacci Extension Levels for Short-Selling:
Using the high of $168.62 and low of $138.56, the following Fibonacci extension levels serve as potential buy-back targets for short-sellers:
- 23.6% Extension: $130.15
- 38.2% Extension: $126.42
- 50% Extension: $122.98
- 61.8% Extension: $119.54
These levels align closely with the green support line on my chart, where price could stabilise or bounce. Traders should consider these levels as potential exit points for covering short positions.
📈 Why Short-Sell Now?
- MACD shows strong negative momentum at -2.76, while Stochastic Momentum remains oversold at -38.84.
- The Volume Oscillator is at -473761, indicating reduced market activity and supporting continued downside.
- Tightening Bollinger Bands and Keltner Channels signal that volatility is likely to spike soon.
📊 Analyst Insights
Top analysts from Trading View and Yahoo Finance suggest a short-term bearish trend for CVX:
- 🟢 Buy: 7
- 🟡 Hold: 10
- 🔴 Sell: 5
JP Morgan’s energy team also forecasts consolidation, further validating this short-sell strategy before a potential rebound.
🔔 Final Considerations
- Short-Sell Strategy: Use the Fibonacci extension levels starting at $130.15 as target zones for exiting your short positions.
- Momentum Indicators: Keep a close watch on RSI and Stochastic Oscillators for any signs of stabilisation near these levels.
Happy trading ahead. Cheers, BC 🍀
@TigerGPT @Tiger_comments @TigerPM @TigerStars @TigerWire @Daily_Discussion @TigerPicks @koolgal
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根据提供的信息，您正在考虑做空雪佛龙公司（CVX），并正在寻找周一盘前交易的评估指导。以下是该策略的细分以及一些需要考虑的其他见解：
当前快照：
CVX现价：138.56美元
支撑目标：136.22美元
RSI水平：RSI6=18.34，RSI12=28.51（看跌势头）
卖空的斐波那契扩展水平：
23.6%延期：$130.15
38.2%延期：$126.42
50%延期：$122.98
61.8%延期：$119.54
这些斐波那契扩展水平可以作为卖空者的潜在回购目标。它们与图表上的绿色支撑线紧密对齐，表明价格可能稳定或反弹的位置。将这些水平视为回补空头头寸的潜在退出点。
现在做空的理由：
MACD在-2.76显示出强烈的负面势头。
随机动量仍超卖至-38.84。
成交量振荡器位于-473,761，表明市场活动减少。
布林线和凯尔特纳通道收紧表明波动性即将飙升。
分析师见解：
Trading View和雅虎财经的顶级分析师建议CVX短期看跌趋势：
🟢购买：7
🟡持有：10
🔴卖出：5
摩根大通能源团队还预测整合，进一步支持潜在反弹前的卖空策略。
最后考虑：
卖空策略：考虑使用130.15美元起的斐波那契扩展位作为退出空头头寸的目标区域。
动量指标：监控RSI和随机振荡指标，寻找这些水平附近的任何稳定迹象。
请注意，此信息仅供参考，不构成投资建议。在做出任何投资决定之前，请务必进行自己的分析并考虑其他因素。祝你的交易好运！
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