Long
50-50 chance trade on CXO. Great momentum
Basically I can see CXO goes to 100 with anticipation to the q3 results,
Strong resistance at 71-73 and therefore our stop will be at 71.
It isn't the best risk-reward entring point but I will look closely on every drop for sizing up my position.
Yellow area - still buying opportunity
The RSI shows overbought so be patient,
Strong resistance at 71-73 and therefore our stop will be at 71.
It isn't the best risk-reward entring point but I will look closely on every drop for sizing up my position.
Yellow area - still buying opportunity
The RSI shows overbought so be patient,
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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.