ImmaculateTony

Phillips 66 (PSX) Technical Analysis: A Positive Outlook

Long
NYSE:PSX   Phillips 66
Golden Cross
The 20 moving average on the daily chart has crossed above the 50 moving average today.
Monthly High
Stock price is at monthly highs.
Pivot Machine Gun (PMG)
When price makes continued highs for 5 days. This is a bearish reversal signal
only if price starts to break the low of the last day's candle.
Volume Shelf Launchpad
When price starts to move with some momentum from a volume shelf, it is called a volume shelf launchpad.
CCI Buy Trigger
Commodity channel index (CCI) crossed the 0 level to the upside thus triggering a buy signal.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.