Both daily and weekly $CVX charts show a substantial surge in trading volume accompanying this price appreciation. This confirms the strength and conviction behind the buying pressure, validating the breakout.

$CVX Parabolic Move on Daily

On the daily timeframe, $CVX has witnessed an almost parabolic rise, with consecutive large green candles pushing the price significantly upwards. All short and long-term moving averages (MA7, MA25, MA99) are in perfect bullish alignment, serving as strong dynamic support far below the current price.