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SharePlanner (< 20)

Long CVX $80.02

Recs

1

September 24, 2010 – Comments (2) | RELATED TICKERS: CVX

Got in Chevron (CVX) at $80.02, using the consolidation just above the inverse head and shoulders breakout for my entry. 

Here is my chart analysis on the trade 

2 Comments – Post Your Own

#1) On September 24, 2010 at 4:31 PM, davejh23 (< 20) wrote:

You bought near the high for the day after a +2% move?  CVX has pretty much been stuck for the last 2 weeks.  Despite today's move, the short-term trend looks bearish for Chevron...unless the dollar continues to climb.  I think you'll have an opportunity to add to your position closer to $75...

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#2) On September 24, 2010 at 4:37 PM, davejh23 (< 20) wrote:

...unless the dollar continues to "fall"...  Sorry...I was looking at an inverse chart.

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