Dear all,
this Chart tries to show the interaction between Oil Price WTI & Chevron.
As you all know, Mr. Warren Buffett invested lot of money during last two years in this company.
As you also know, CVX sells also gaz, not only oil, and for shure - gaz still very high, but NOT on Top.
CVX only is near to top.
Then: Look at the indicators. Negative Divergence all over all, OBV not amazing(bad).
So, several reasons for one conclusion.
In my option CVX is overvalued by 25% during the next monthes
let me know YOUR opinion!
Regards, Dan 19.11.22
this Chart tries to show the interaction between Oil Price WTI & Chevron.
As you all know, Mr. Warren Buffett invested lot of money during last two years in this company.
As you also know, CVX sells also gaz, not only oil, and for shure - gaz still very high, but NOT on Top.
CVX only is near to top.
Then: Look at the indicators. Negative Divergence all over all, OBV not amazing(bad).
So, several reasons for one conclusion.
In my option CVX is overvalued by 25% during the next monthes
let me know YOUR opinion!
Regards, Dan 19.11.22
Nota
Diamond head ahead. First target see chartNota
Diamond head - leavedTargets see chart - green area
Penafian
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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.