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.
The PEAD projected a Neutral outlook for $PSX after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 33.33%.
Phillips 66 operates as an energy manufacturing and logistics company. It operates through four segments: Midstream, Chemicals, Refining, and Marketing and Specialties (M&S). The Midstream segment transports crude oil and other feedstocks; delivers refined petroleum products to market; provides terminaling and storage services for crude oil and refined petroleum...
Entry: at the market opening price Stop loss: closing below 81 Reward/Risk: Target range: 94-115 Time Frame: 4-12 wks Possible gain:10-30 % Possible loss: 3.5-5% Position size: 5% of trading capital You can see the most important support(green line) and resistance (red line) levels. Best, Dr. Moshkelgosha M.D DISCLAIMER I’m not a certified financial...
Desicion to Buy. Entry Price = $84.21. Target Price=$85.90. Stop Price=$82.91
fundamentals: bang average. decent for short. sector: XLE sector at resistance and overbought - good to short - matches $PSX sentiment thesis: wedge playing the bounce from resistance convergence spot down to support buy confluences: horizontal resistance zone (very key level back to 2015), resistance trendline, wedge pattern continuation, no volume above, POC...
Maybe it's Putin. You know what's what. This sad ape excuse for a "world" leader is doing pretend war for economical warfare.
Strong Relative strength. making highs with volume Similar to $COP,$MAR
Bounce off previous S/R level with hidden bullish divergence developing on 1D & confirmed on 4H. Also just had big beat on earnings.
Not sure what this will do but alerts are set if it breaks this base. Strong sector (Energy) (Not trading advice; Educational)
Hmmm, now where have I seen this name before? Oh, that’s right! It was from our sector analysis earlier where we identified the relative weakness. With an ATR of 2.6, any hard pop back into the 200d should offer a nice opp for a fade. Would even consider leaving room to add at the quarterly pivot at 75.32. TV chart link:
I am looking at potential short positions on OIL related stocks as indicated by this example. Observation Phillips 66 has gone into a bearish mode with swing traders (around 30% of the market) losing on net longs positions with the wider market on average now being at break even. Break-even price levels can mean either 1) important support areas, 2) break...
Support at handle low and mid cup/MC. Pocket pivot at 80.80. No recommendation. Price is above the top band with the moving average set on 20. It is within the bands with the moving average set on 80. This pattern is not to long entry level today.
short here, stop loss 73.5 and target 50 in early 2021. could turn into a long if the top trendline breaks though. theres always more than one outcome :) goodluck, leave a like !