This Market has been bullish for the last week.
For a short term investment, the channel line shows a target price to be reached so we might want to go long
if COP takes out the stops by breaking 37.98 it could break upwards and fill the gap up to 44. Was recently rejected at the weighted VWAP from Febs High and respecting the weighted VWAP from March low. Recent 2-1-2 reversal signifies strength, and has a nice volume base near 34.
What is the future of the Oil Industry?
(A detailed study of Assets)
In the oil industry and in “the big-time” cooperate business “masters of business administration” "obese operations world" there is a term called “downstream”. Some companies get so chubby that they essentially dont need any of there sales stores that they actually sell their products in… in...
Stock COP seasonality starts to Buy date on February 10 and ends Sell date on April 23
Percent Profitable is 78.95% in 19 years and an average return of 8.54% per year
4 years is a decent head start to position and bet on AMERICA as the defcto OPEC
.. ARMCO shares tanked $500bn from $1Tr iPO | $35 <---37
Saudi should likely use the proceeds to acquire Arms from defense contractors
which Spiked 12% lockheed grumman etc..
NYSE:COP
NYSE: COP - CONOCOPHILIPS
COP has been seeing decent momentum to the upside with buyers beginning to regain control of price.
Buyers will be looking to breach the 63.70-64.00 and keep price above, if price maintains above these levels, it is expected to target the 69.50 as a 1st target then eventually aim for the 73.50 and the 76.30.
This trade setup...
I set this up over the weekend. It missed triggering today by 2 pennies. I can't predict the future, but I'm confident this will trigger tomorrow. Stop under EMA's and support. Some volume coming in.
