$CVX in Recovery Mode – Can Bulls Flip the Trend?
CVX has taken a sharp hit but is now attempting to bounce from local support. Price is facing layered resistance zones above — bulls must clear these levels to shift momentum in their favor.
Key Levels to Watch
Resistance Zone: 4.48 – 4.62
Support Zone: 4.28 – 4.23
Trade Setup – Watch for Reversal Confirmation
Bullish Entry: Above 4.62
Target 1: 4.78
Target 2: 4.95
Final Take: 5.10
Bearish Entry: Below 4.23
Target 1: 4.12
Target 2: 4.00
Final Take: 3.88
Volume is increasing at support, hinting at potential demand — but price must reclaim key levels before calling it a trend reversal. Keep stops tight and don’t chase early.