Alright, fam, checking in on $CVX .
Looks like we've had a nice bounce here from the recent lows. That initial pump on the 20th was huge, but we saw a pretty quick rejection there. Good to see some follow-through this time though.
We're pushing up against that 4.60-4.70 area which acted as resistance before. Need to see a clean break and hold above there for a sustained move higher.
Volume's been decent on these pushes, which is encouraging. If we can flip this resistance to support, the next target looks like that 4.80-5.00 zone.
Keep an eye on that retest of the previous high. Could be a good entry if it holds, or a sign of weakness if we roll over again. Stay sharp out there!
