A – Notice the gap opening down and subsequent heavy VOL after the O/N “surprise” China News. This enabled insiders to accumulate large amounts of CVX Stock and cover their short positions from much higher prices (125+). This triggered a buy signal in the 72-75 range for long term gains.
B – Notice the gap opening down here and the spiked daily bar down on very high VOL, on bad news (o/n). After selling short and covering their purchases near the 100 level in November, insiders re-accumulated and covered their short positions in the 75 range for another long term buy signal. After further gap accumulation from the “Brexit” recently – CVX is still a hold for what I believe higher prices yet.