lukelehepuu
Short

COP IDEA

NYSE:COP   CONOCOPHILLIPS
COP
19 0 3
cop
Ticker: COP
Direction: SHORT
Entry Price: 43.58
Current Price: 43.58

Description of Chart:
I think this is a great opportunity to short on the 200MA of this chart. We have broken above it but could not stay there, with that said the center line of the bollinger band looks to be turning lower with a possible leg down to 37.88 which lines up with some nice previous support. Nothing is guaranteed however I like this more than most short opportunities.

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