CVX - Likely to Break Down

Written by MrStockFox. Posted in Trade Ideas

I was fortunate enough to sell off most of my CVX position around 117.  Right now I believe that CVX has a high probability that it will break down below 109 and head to around 105.  The 105 area would be my first target, but ultimately I believe that CVX could see between 98-100 over the next 4-6 weeks.