Chevron (
CVX) is setting up for a potential bounce from strong support around $134.96 (S2 level). The trade aligns with both technical and fundamental tailwinds:
🟢 Technical Setup:
Holding just above S2, showing signs of base formation.
Clear risk/reward box:
Entry: ~$135
Target: $150.05 → ~+10.5%
Stop: $133.73 → ~-2.4%
R:R Ratio: ~4.6:1
MACD histogram flipping positive.
RSI rebounded from oversold and consolidating.
💰 Dividend Catalyst:
Ex-div date: May 19
Yield: 5.04% (quarterly payout of $1.71/share)
Chevron has increased its dividend for 37 consecutive years — strong income + growth combo.
This is a solid swing + yield capture setup. I’m long from $135.64.
📈 Watching for confirmation over $137 before scaling.
Do you think CVX hits $150 before ex-div? Drop your chart 👇
CVX) is setting up for a potential bounce from strong support around $134.96 (S2 level). The trade aligns with both technical and fundamental tailwinds:🟢 Technical Setup:
Holding just above S2, showing signs of base formation.
Clear risk/reward box:
Entry: ~$135
Target: $150.05 → ~+10.5%
Stop: $133.73 → ~-2.4%
R:R Ratio: ~4.6:1
MACD histogram flipping positive.
RSI rebounded from oversold and consolidating.
💰 Dividend Catalyst:
Ex-div date: May 19
Yield: 5.04% (quarterly payout of $1.71/share)
Chevron has increased its dividend for 37 consecutive years — strong income + growth combo.
This is a solid swing + yield capture setup. I’m long from $135.64.
📈 Watching for confirmation over $137 before scaling.
Do you think CVX hits $150 before ex-div? Drop your chart 👇
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.