This morning, leading energy stock ConocoPhillips (NYSE:COP) is coming under some selling pressure. COP stock is trading lower by 0.71 cents to $73.64 a share. The stock is pulling back from a new 52-week that was made just yesterday. Traders should watch for intra-day support levels around the $73.27, and $72.95 levels. Both support areas could give COP stock an...
In my opinion, we should hold COP. For short term ( . . . 2 months), I would say it is a safe choice. :)
Warning: Gain or loss on your investments is your liability.
From the technical point of view, it should start a down movement. After a confirmed double top, we have a retest on the price pattern's base line (a flag formation, confirmed by a decrease in the volume). First target for the flag would be the local support area between 48.00 and 50.50. Full target for the double top would be the low of the last rising trend, at...
This stock has split, but I do not know how showing it here. In my chart I can see a good support line on the $52. It is also a year low. Last three days we can see a big volume trading. I will watch on the stock and make long trade with target a new year high $60.
