COP Multiple Timeframe Level

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...

Trade active:

Last week on the +5% day move up took profit to rebalance long exposure to energy.