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nirmalc83
Mar 24, 2018 6:40 PM

COP Long Swing Play 

ConocoPhillipsNYSE

Description

OIL Play. COP broke out of coil recently on daily chart. Break of horizontal resistance around 58 ish can get this up to 62 (based on depth of W pattern).

Notes on chart.

Comment

Good breakout and consolidation today. Doji today at the end of an uptrend. Need caution since market is vulnerable as well.

Comment

Triggered and moved ~12% since. Still looks good.
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