CVX Technical Analysis in a Weekly Timeframe

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Now, let’s dive into this chart analysis:

CVX recently hit its all-time low at $1.80, where the support trendline is holding the price. The chart shows an expanding triangle pattern, while the RSI is forming a bullish divergence, suggesting that the price may accelerate toward the resistance trendline.

Key levels:

- Support/Accumulation: $1.6 to CMP.
- Resistance/Target: $4.
- Higher Target: $7.5.

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