Chevron Oil and Gas stock. Byt now? Chevron Corporation is an American multinational energy corporation. It’s one of the successor companies of Standard Oil. The stock has been unaffected by the fights in Europe and during Ukraine’s invasion in the war started by Russia.
Chevron CVX stock is one of the best oil stocks to buy in 2022 but holding long-term positions in this stock is not a good idea. However, there are opportunities for swing and short-term trading in CVX. There is a very strong demand imbalance located at around $120. The oil and gas stock has not been able to reach that long-term trade stock trade opportunity yet. In the meantime, there are other trade ideas in the energy sector. Many energy, oil and gas stocks are playing out and providing great trade opportunities right now.
As supply and demand traders, we do not need to pay attention to fundamental analysis. Unless you are doing very short-term trading and scalping, you should not worry about fundamentals for stocks and ETFs.
Trading is just waiting for the right trigger points and scenarios to present themselves, this game has a name, and it’s called the waiting game. We must patiently wait for the correct scenarios and setups to happen and for the price to pull back or dip into the price levels we want to trade. These price levels are made of supply and demand imbalances in our case. You can use these imbalances to plan your trades in lower timeframes.
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