Morning Trend | Chevron shows significant volume movement, is the main surge of new energy about to arrive?
Chevron (CVX.US) suddenly saw a surge in trading volume yesterday, with a noticeable increase in capital inflow towards the end of the trading session. The stock price is approaching this month's resistance level, and the market's imagination around the new energy concept is heating up again. Technically, the 5-day moving average and the 10-day moving average are turning upwards, with main funds net buying for two consecutive days. The daily K-line shows a series of red bars at the bottom, indicating a gradually strengthening bullish atmosphere. With the latest rebound in oil prices and expectations surrounding the U.S. energy bill, Chevron, as an industry leader, is attracting a large amount of incremental capital to enter the market on the right side. From the perspective of capital structure, the proportion of institutional large orders yesterday reached a new high in nearly two weeks, and many high-frequency trading strategists clearly positioned themselves in advance, with some short-term funds already taking the lead in the morning session. Community discussion heat is rising, with rumors that the company may increase investment in its new energy division, becoming a catalyst for driving the theme higher in the short term. Although there has been no concrete positive news, the combination of energy varieties and the warming global demand expectations has shifted more market influence into the hands of trading-type funds. However, it is also necessary to be cautious, as the rate of stock price explosions increased yesterday, and some funds showed a stronger desire to cash out towards the end of the session. If Chevron cannot continue to break through with increased volume today, or if the sentiment in the oil and energy sectors suddenly cools, the risk of short-term high-level pressure may be amplified. In terms of operations, it is recommended to pay close attention to changes in trading volume and market activity after the market opens. If there is hesitation in large orders sealing the board, it is necessary to lock in profits in a timely manner. Overall, Chevron still has opportunities under the new energy mainline, but dynamic position management is required to prevent black swan events from reversing the situation
Chevron (CVX.US) suddenly saw a surge in trading volume during yesterday's session, with a noticeable increase in capital inflow towards the end of the trading day. The stock price is approaching this month's resistance level, and the market's imagination regarding the new energy concept is heating up again. From a technical perspective, the 5-day moving average and the 10-day moving average are turning upwards, with main funds net buying for two consecutive days. The daily K-line shows a series of red bars at the bottom, indicating a gradually strengthening bullish atmosphere. With the latest rebound in oil prices and expectations surrounding the U.S. energy bill, Chevron, as an industry leader, is attracting a significant amount of incremental capital to enter on the right side.
From the perspective of capital structure, the proportion of institutional large orders yesterday reached a new high in nearly two weeks, and many high-frequency traders clearly positioned themselves in advance, with some short-term funds already taking the lead in the morning session. Community discussion heat is rising, with rumors that the company may increase its investment in the new energy division, becoming a catalyst for driving the theme higher in the short term. Although there are no concrete positive news, the combination of energy varieties and the warming expectations of global demand has shifted more market influence into the hands of trading funds.
However, it is also necessary to be cautious, as the rate of hitting the limit has increased, and some funds have shown a stronger desire to cash out towards the end of the trading day. If Chevron cannot continue to break through with increased volume today, or if the sentiment in the oil and energy sectors suddenly cools down, the risk of short-term high-level pressure may be amplified. In terms of operations, it is recommended to pay close attention to changes in trading volume and market activity after the market opens. If there is hesitation in large orders hitting the limit, it is necessary to lock in profits in a timely manner. Overall, Chevron still has opportunities under the new energy main line, but dynamic position management is required to prevent black swan events from reversing the situation
