COP has had a brief trend up in the past three and a half trading days of about 8%. An analysis
of the 30 minute chart suggests this could reverse. Firstly, the HA candles are now narrow-
ranged and more or less Dojis. The MTF RSI indicator of Chris Moody shows dropping RSI
on the 5 minute TF while it is hold up at 100 on the 60 minute TF. The former is...
Exxon Mobil Corporation stock MAY see around 200 USD price in up coming years !
Today, we are going to investigate one of the giant oil companies. XOM has completed a complete ascending wave cycle from 1970 to 2020 . Impulsive section of this wave cycle was between 1970 and 2014 and corrective section started at 104.76 (former ATH) on 2014 and...
COP has formed this nice structure above a horizontal resistance, it is now finding support above this resistance which is now support
Resistance / Support analysis
Price is within a triangle / wedge like structure above this resistance
It's all been said and done! Finish him!
Latinamerica is going back to the 80s while the developed world heads to the moon.
“They live different kinds of lives outside of the city”
For a while, everything was turned into entertainment and people did not want to bother themselves with difficult issues. It was only at the last minute that we found out how to use...
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Confirmation level, where relevant, is a pink dotted, finite line. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore...
The inherent weaknesses produced by the pandemic in Latin America have produced the propitious scenario for a new hyperinflation to take place in the region, in this case in Colombia.
This nation that around its history and its abundance of natural resources has been subjected to the old history of the Dutch disease. in such a way that its industrial and...
Conoco Phillips on the move. Two week minor pullback and breaking out.
IQ has always and will always, get all the praise; but discipline gets the job done ~Mark Ritchie
Lose like a pro and keep trading, or lose like a novice and quit ~Mark Ritchie
COP has formed a large up channel (white lines)
Price has broken out of this channel, the top channel band will now likely act as support for price
This will ultimately lead to continuation upwards for price, in a more aggressive manner (shown with green bars pattern)
We look to Buy at 87.72 (stop at 84.15)
Preferred trade is to buy on dips. We are trading at oversold extremes. Previous support located at 87.50. We have a 61.8% Fibonacci pullback level of 87.61 from 65.06 to 124.08. We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher.
Entry: at the market opening
Stop loss: closing below 95
Target range: 120
Time Frame: 4-6 wks
Possible gain: 20%%
Possible loss: 5-10%%
Position size: 5 % of trading capital
You can see the most important support(green line) and resistance (red line) levels.
Dr. Moshkelgosha M.D
I’m not a certified financial...
Conoco Phillips nice blue sky breakout after healthy VCP pattern, looking for $120 Magnet
I'm long JUN 117 calls up 95% , might sell some calls against it but chart looks strong IMO and looking for more upside first
Shorting divergent upgoing zigzag. Fib on Wave C first as targets.
Immediate targets 86, 83,79. Invalidation at 94.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing...