$CVX Bulls Charge Ahead – Will $5+ Breakout Confirm the Rally?
CVX is showing impressive strength with an 18% daily surge and climbing volume. A clean breakout above $4.90–$5.00 could open the door to a sharp leg higher as momentum builds.
Key Levels to Watch
• Breakout Zone: $4.90 – $5.00
• Support Area: $4.75 – $4.78
• Volume Focus: 31.8K+ with bullish dominance at 84%
Trade Setup
Bullish Scenario
• Entry: $4.85 – $4.90
• Target 1: $5.10
• Target 2: $5.45
• Stop Loss: $4.74
Bearish Rejection
• Entry: Below $4.74
• Target 1: $4.50
• Target 2: $4.30
• Stop Loss: $4.92
With 84% buyer strength on the order book and price testing resistance, CVX is at a critical point. A strong push above $5 could confirm the breakout structure and extend the rally. But if it loses $4.75, bears may regain control.