Chevron Corporation
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CVX, Long or Short ?? Structure analysis for both

News Flow: Warren Buffet loads CVX in his Portfolio along with VZ

Price action : Price breaks previously held resistance area of 95-96 with convincing price action and volume , against a strong negative sentiment in the market.


Long Idea: Previously held Resistance(95-96) if it holds as Support, we can see a good upswing on this stock.
(Rotations at support is required to confirm the validity of the trend)

Short Idea: If Support line(95-96) line fails to provide Support, I would like to see the price action as shown to be convinced of Short switch
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Long at 104
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missed the initial pullback as it was fast. entered early on the second level.
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Loding up on June 18 110C
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