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Chevron Corp. Buy Signal

Buying CVX on All-Time-High Breakout

We will buy Chevron Corporation (NYSE:CVX) with a stop buy order at $126.4 and an initial stop loss below $120. No market order should be used on this trade as we want to see the stock breaking above its All-Time-High.

Extreme Technical Bullishness & Price Target

The $CVX price chart – adjusted for dividend – shows an All-Time-High at $126.38. The Chevron Corp. stock is trending up and is dynamically supported by crossover / non-crossover events (green circles on the chart) on the presented daily + weekly + monthly time frames.

CVX Multiframe Price Chart, Adjusted for Dividends,
by the Weekly Close on July 12th 2019
Daily (left) – Weekly (middle) – Monthly (right)

If the trade is activated we will target a share price of $150.

Real Time Price Chart

The CVX weekly price chart here below is shown for follow-up purposes but it is not adjusted for dividends, reason why it does not appear to be close to breaking above the previous all-time-highs.

CVX Real Time Weekly Price Chart
NOT Adjusted for dividends
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