COP kind of looks like a morning star pattern shaping up on the daily (thus far)
$38.75 is a decent support also. Might bounce there. If it doesn't, could be some fun bearish edge coming up.
We have been watching the us energy stocks and looking for signs of a break down. COP is one that appeared to be in correction and has just recently broken down out of the triangle. We're watching for a retest & rejection and then will be selling.
As Said in title only gap at this point can make this market move to dogs. Rules to short: Short when market breaches the red horizontal line Reasons To Short: Standing on the volume any gap can make this market to go bump Divergence will be eliminated after gap so there will be nothing left to hold this market Market will follow trend if gap down News looking...
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...
COP continues to stay in a trend channel. Although it takes a while to bounce between the support and resistance levels, it is consistent. Expect COP to hit the resistance prior to earnings date. It will then decline after earnings and who knows how low it will go. Also anticipate the ups and downs of oil to keep this cyclical. Place your calls and prepare puts!
Traders have seen this before, and it continues to play out as the global economic climate breaks down. Although these pullbacks in the SPX are often lofty and swift, it is important to realize volume is the most import factor when considering the validity of a pullback. Here , we can see that the move in SPY is volumeless. The entire squeeze from the Feb. 11...
Bullish Divergence seen on MACD, RSI, and Stock RSI, indicate that this recent fall of COP stock is soon nearing. There is not clear divergence on the weekly chart, only the daily. So I am not expecting this rally to be a complete trend reversal, however, there is ample room to go up a bit to correct for this recent sell off.
I think oil is going to squeeze and this should be a good short term long on COP. Ryan
I believe COP as well as other oil giants are going to get dragged down with the oncoming production of oil. I'm target 44 the .5 fib and 34 the .618 fib. -Ryan
Love the increase in dividend, but this stock is surely taking its time to get down to $48 to $52 target, my range. I assume at this level we would see some support. Until then, it's a slow grin down with some accumulation and dollar cost averaging.
I lost money trading CLD in the past at IPO, Yep, didn't have Tradingview then to check the ranges i was trading, but this new EPA ruling makes me think the bottom is priced in for coal stocks. People will think this is good news, and decide to buy, or dollar average to this price based on this news if they held before. www.marketwatch.com My theory, coal has...
Checking out Liner Regression lines and the news, I predict people will trade this down to 40 to 44.