Razvan
Short

Concophillips

BATS:COP   CONOCOPHILLIPS
142 2 0
From the technical point of view, it should start a down movement. After a confirmed double top , we have a retest on the price pattern's base line (a flag formation , confirmed by a decrease in the volume ). First target for the flag would be the local             support area between 48.00 and 50.50. Full target for the double top would be the low of the last rising trend, at the 34.70$
Uh, you realize COP spun-off its refinery business right? That was not a down-move, that was a spin-off. There is no confirmed double top, though it and the rest of the energy sector might be making one now. Thus far most energy stocks have managed to hold over the top of their trading range.
Reply
Razvan sluz b
you are right, after i looked on bloomberg for volume confirmation, and the charts are totally different...it was too late though...thanks for the inside
Reply
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out