CVR Energy (CVI) shares are coiling in a tight pattern right in between its 55- and 200-day MA levels in a pincher setup that can see a squeeze pop above the 32.50 top of value area and run higher to the 35 VPOC above with also an open gap up at 37 as a higher target potentially. The weekly chart also found recent support right where it should have at the 2022 yearly POC of 31.20 and longer term into next year could retest the 40 level. Short term risk reward here favors a rally higher and stop loss under 30.50 works. Icahn is a 10% owner and holds 66.7M shares of the small cap energy name that focuses on renewable fuels and petroleum refining. CVI also has a strong dividend yield of 6.2%.