With oil prices excessively oversold, it’s time to look at beaten-down oil stocks like Chevron (CVX).  Most recently, CVX dropped from about $172.50 to about $155.  However, with oil starting to gush higher, CVX should follow.

I’ve cracked the code on something huge… a pattern that generated $2,998 in monthly income huge. Click here the details, including the cold hard data

Plus, if you pull up a two-year chart of CVX, you can see that every time RSI, MACD, and Williams’ %R also get this low, CVX tends to push higher shortly after. In fact, the last time CVX was this low, it would bounce from about $150 to $170.  The time before that, CVX bounced from about $140 to $181.  And the time before that, it bounced from about $130 to $165.  We’re looking for a similar move off oversold levels again this time, too.


Ian Cooper