CVX Trade Setup — Catch the Bounce + Dividend Play

7 May

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 👇

2 Haz

İşlem aktif

Still active + got the dividend.

4 gün önce

İşlem elle kapatılmış

9.24% gain - closing out a bit early but also got the dividend. Good trade ++