Queengirlypops
09-09

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@Barcode：$Chevron(CVX)$ 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
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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