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FriscoTrades

$PSX For the breakout traders

Long
Phillips 66 (NYSE:PSX)  
FriscoTrades Updated   
NYSE:PSX   Phillips 66
Support and Resistance Triangle Volume PSX breakouttrading livermore Relative Strength Index (RSI) tradeidea optionstrading
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supportandresistance triangle volumestudies psx breakouttrading livermore relativestrengthindex tradeidea optionstrading
Market hasn't favored the breakout stocks but PSX has continuously shown strength and finally broken out from a nice triangle consolidation pattern since 2020.

Livermore effect with 100 magnet and then some if trade plays out. Nice volume uptick past weeks and RSI bullish confluence

I'm long JUN 100 calls , stop at 50% premium.

Trade closed: stop reached:
cut position at manageable loss, not liking what I'm seeing for Gas and Oil Long
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