$CVX is respecting the Fibonacci retracement levels, from last week, the price completed the retest at (0.236 fib level) $19.17 and blew past 0.382, 0.5, 0.618, and 0.786 fib levels. It is currently trading around the crucial resistance at $30.38, if it breaks it successfully, the ATH price of $63 is within reach, targets are given by the Fibonacci retracement indicator.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.