Exactly. It's encouraging to see that $CVX is holding up exceptionally well in these tough market conditions, so it's far from unreasonable to expect a strong pump once broader momentum shifts. Price gave way at $1.95, but we're still within the local range—which continues to act as an accumulation zone—and the key gray demand area is still holding.
Trading the range extremes has proven profitable so far, though it's wise to stay cautious of sharp deviation moves designed to shake out stops before the real reversal.
#ConvexFinance
