Conoco Phillips nice blue sky breakout after healthy VCP pattern, looking for $120 Magnet I'm long JUN 117 calls up 95% , might sell some calls against it but chart looks strong IMO and looking for more upside first
COP has been in an ascending channel for the last 6 months. Its at the bottom of the channel and a symmetrical triangle has formed. Breakout this week. To 115.
Shorting divergent upgoing zigzag. Fib on Wave C first as targets. Immediate targets 86, 83,79. Invalidation at 94. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing...
The market looks to be recovery today and the most interesting stocks to me were oil companies ( NYSE:XOM , NYSE:MRO , NYSE:COP ) which all exhibited morning open volatility spikes. The one I liked the most because it was at at 50% Retracement (see high timeframe below) is XOM so it fits my criteria for a long trade. I'll be looking for a retest of the last...
NYSE:COP -Rsi divergence confirmed -Volumes divergence with price -Sector in huge uptrend this year ( >100% ) but sector -0.17% last week -Price away from 50MA
This article compares the performance of Oil-related stocks, which shows Occidental, ConocoPhillips, and Valero outperform others..! Higher oil prices will push prices higher in the next 3-6 months.
Based on historical movement, the trough could occur anywhere in the larger red box. The final targets are in the green boxes. The pending top should occur within the larger green box as has been the historical case. Half of all movement has ended in the smaller green box. In this instance, the signal indicated BUY on August 16, 2021 with a closing price of...
NYSE:COP pulled back this morning to a Daily timeframe 50% Retracement Level. This level goes back on the Weekly many years. I like this for a long term hold play for dividends as well as a short term options play for the run up to earnings. Check out my video idea for more thoughts on combining timeframes for Multiple Timeframe Analysis...
Black Gold finally broke out from the 3 month cup handle pattern as mentioned last week! Although weekly chart was showing bearish, it was a bullish flag because the lows never broke. This week the momentum continues upward possibly in a big way. Extremely Bullish! Once it breaks 56.75, 59 will be the next target. XOM, SLB, NOV are yummy plays.
Cop are on the move, ABCD chart is done perfectly, now it's Double Bottom turn to do the same. But first i think must be filled the GAP around 55,37 which is also indicated by Regular Bearish Divergence. NYSE:COP
Select foreign currencies, after Covid/coronavirus bounce-back, have been weakening since early December 2020 - ahead of the NASDAQ (IXIC) question of faith in mid February 2021: Russian ruble RUB/USD, Brazilian real BRL/USD, Colombian peso COP/USD, Mexican peso MXN/USD, Korean won KRW/USD, Thai baht THB/USD, Japanese yen JPY/USD, Euro EUR/USD.
Swinging COPs is a lot of fun when the bull flag doesn’t flag. Just an idea wouldn’t risk it tbh. Bull flag is strong, however.
These are Generational Lows... Great Yield!
The Colombian peso has been making headlines lately. There are calls of Colombia to dollarize amidst some expert calls that the COP might be overvalued by as much as 30%. This chart is an update to my last year's chart that correctly forecasted the current price range in the usdcop pair. According to this chart, continued dollar strength and a weak cop could see...
Here we can see the 5th wave targets for this large sequence. From a birds eye view we have the potential to extend as high as 3.67 over the next few quarters. Recommend buying support here at current prices with targets at 3.49 up to 3.67. Best of luck
Risk premium is low once more in EM and we have long term targets spotted at 3650 here. => The rise since April is now clearly impulsive and the last and final levels in play now for this 5th wave is 3650. Pullbacks should only be bought, as mentioned in the previous idea (see attached) and now that we have our pullback..you know what to do. To put simply, a Q3...
COP is testing its support at 61.25 (100% Fibonacci extension, 61.8%, 50% & 38.2% Fibonacci retracement, horizontal overlap support) where it could potentially rise to its resistance at 68.34 (38.2% Fibonacci retracement, horizontal swing high resistance). Stochastic (89, 5, 3) is approaching support at 4.55% where a corresponding bounce could occur.
High bullish momentum, it may be close to a consolidation or price correction