CONOCO Phillips, COP SHORT, LONG PUTCareful as this trade correlates with oil market and oil market is very volatile. Respect Rules, THAT'S ALL. STOP 79, Target 1 68, Target 2 60, Entry 76.50Shortby MCFX88Updated 0
COP 45m Wolfe Wave bullish 11/3A Wolfe Wave is a chart pattern composed of five wave patterns in price that imply an underlying equilibrium price. Investors who use this system time their trades based upon the resistance and support lines indicated by the pattern.Longby defiantroaPublished 0
#COP RSI divergence Daily NYSE:COP -Rsi divergence confirmed -Volumes divergence with price -Sector in huge uptrend this year ( >100% ) but sector -0.17% last week -Price away from 50MAShortby Weedo21Published 1
COP: Ascending Triangle (95%)Ascending Triangle, not confirmed yet. Will need volume to break the 65$ resistance. If confirmed: Price target = 128$ Stay humble, have fun, make money!Longby LeLafPublished 334
COP LONG opportunity, counter trend line breakoutFundamentally supported by the possible shortage causing the "IDA" hurrican. Also a good Risk Reward opportunity, and the dividents as well. Longby bobefxPublished 2
Time for ConocoPhillips to end the skid?Based on historical movement, the trough could occur anywhere in the larger red box. The final targets are in the green boxes. The pending top should occur within the larger green box as has been the historical case. Half of all movement has ended in the smaller green box. In this instance, the signal indicated BUY on August 16, 2021 with a closing price of 54.82. If this instance is successful, that means the stock should rise to at least 55.17 which is the bottom of the larger green box. Three-quarters of all successful signals have the stock rise 2.337% from the signal closing price. This percentage is the bottom of the smaller green box. Half of all successful signals have the stock rise 4.213% which is the end point of the black dotted arrow. One-quarter of all successful signals have the stock rise 8.049% from the signal closing price which is the top of the smaller green box. The maximum rise on record would see a move to the top of the larger green box. These are the same concepts for the levels in the red boxes as well. The ends/vertical sides of the boxes are determined in a similar fashion. The peak of the rise can occur as soon as the next trading bar after signal close, while the max rise occurs within the limit of study at 40 trading bars after the signal. A 0.5% rise must occur over the next 40 trading bars in order to be considered a success. Three-quarters of successful movement occur after at least 7 trading bars; half occur within 21 trading bars, and one-quarter require at least 34 trading bars. The black dotted arrow represents median historical movement. Medians are a good metric, but they are just one of many I use when forecasting future movement. As always, the stock could decline the very next bar after the signal without looking back (therefore the red boxes would not come into play) or the stock may never decline (and the green boxes may never come into play).Longby StockSignalerPublished 1
COP Multiple Timeframe LevelNYSE:COP pulled back this morning to a Daily timeframe 50% Retracement Level. This level goes back on the Weekly many years. I like this for a long term hold play for dividends as well as a short term options play for the run up to earnings. Check out my video idea for more thoughts on combining timeframes for Multiple Timeframe Analysis...Longby norokUpdated 7
Conocophillips approaches powerful resistance level 61.06Conocophillips ($COP) continues to rise inside the clear daily upward impulse with started earlier with the daily Piercing Line candlestick reversal pattern back in April. The price is currently aiming at the major resistance level 61.06 (which stopped the sharp uptrend in March). Given the fact that the price has the freedom of only 0.36 ATR (Average True Range) to rise from the current levels – the intraday correction is not ruled out when Conocophillips approaches the resistance level 61.06. Strongly overbought daily Stochastic at 91.13 adds to the probability of the downward correction from resistance level 61.06.Shortby SelectedAlphaPublished 1
ready to break resistanceThe stock is holding EMA50 as its support area with the price of $51. The stock looks ready to break above the resistance level $55. Our target to reach $59 -$60. Now it's standing in a good price to open a long position. Good risk/reward ratio. Longby SuxxxPublished 2
COP - Oil and gas company is set for an impulseWith recent USOIL strength, oil companies have been doing well. I'm expecting a breakout in the world's biggest commodity and also on this stock.Longby JibasJrPublished 1
COPMID-TERM: Bounce off support, backtest of supply line breakout, classic bullish divergence on 4hr, hidden bullish divergence on daily. (not financial advice)Longby Champion-VibePublished 0
$COP with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $COP after a positive under reaction following its earnings release placing the stock in drift A If you would like to see the Drift for another stock please message us. Also click on the Like Button if this was useful and follow us or join us.Longby EPSMomentumPublished 1
COP > BuyCOP > Buy > On this price breake Phase C LPS Wyckoff accumulation. > Risk/Reward Ratio: 2.49Longby PWATUpdated 110
COP but not police, it's ConocoPhillipsCop are on the move, ABCD chart is done perfectly, now it's Double Bottom turn to do the same. But first i think must be filled the GAP around 55,37 which is also indicated by Regular Bearish Divergence. NYSE:COPLongby kova137Published 2
LONG COP R:R = 3.35Another decent risk/reward here... Long COP @ 41.70 STOP 38.77 TARGET 51 (ish) Longby asenskiUpdated 1
quick analysis of EP energy sector recoveringAfter looking at the beat down energy sector and being a part of it I know the cyclical nature of the business. I looked back on COP as its a good baseline of the industry depending on crude price. What i have outlined are the similarites of the last three crashes along with the recovery of COP to a new cycle high. Each consecutive crash was at a lower price from the 2008 highs. At each new crude top COP was able to continually hit $74/sh. if the continuation and time frames continue COP should reach $74 per share when crude is approximately $58/bbl. Longby equanimity86Published 3
$COP working on breaking resistance.Working on breaking resistance. Could run up to the $50 dollar resistance as shown. Manage your risk here.Longby GuyInHatPublished 0
CONOCOPHILLIPS Chart DailyHey people, CONOCOPHILLIPS is in a bullish momentum with a large buying volume traded and a shadow of losing buyers. Looking at the TIMEFRAME M1 we see a tombstone with a high volume of purchase carried out with a high probability of breaking the price due to the force of the volume. To go on the next hour and if the buyers are still in the shot, reach the top after. And the breakout with the objective of testing on half of the intermediate median of ANDREWS PICCHTFORK. Between a bearish breaking gap to be filled and resistance to past See the detail in TIMEFRAME H1. Please LIKE & FOLLOW, thank you!Shortby stephanelibatdPublished 0
$COP Bearish Swing Trade PlanGreen Line - Entry Target Red Line - Exit Target Pink Line - Stop-Loss Highly suggest using Google to Search "Transparent Traders" if you're trying to get to the next level. Transparent Traders exists to solve the critical issues facing our traders, both large and small. Our unique approach is not only what differentiates us, but also what makes us successful. Our advanced Blackbox uses custom algorithms & predictive A.I. to locate the most accurate day or swing trades for the best chance of success. Shortby jonny_red32Published 2
COP bullish scenario:COP bullish scenario: We have technical figure Triangle in US company ConocoPhillips (COP) at daily chart. ConocoPhillips is a multinational corporation engaged in hydrocarbon exploration. The company has operations in 17 countries. As of December 31, 2019, the company had proved reserves of 5,262 million barrels of oil, of which 50% was petroleum, 37% was natural gas, 8% was natural gas liquids and 5% was bitumen. The Triangle has broken through the resistance line at 11/11/2020, if the price holds above this level we can have possible bullish price movement with forecast for the next 71 days towards 41.20 EUR. Our stop loss order should be placed at 27.53 EUR if we decide to enter this position. Fundamentals: - Oil producer ConocoPhillips, which is buying Concho Resources Inc for $8.3 billion, posted a smaller-than-expected quarterly loss as it benefited from a recovery in crude oil prices from pandemic-driven lows. ConocoPhillips reported a loss of $450 million, or 42 cents per share, compared with third-quarter 2019 earnings of $3.1 billion, or $2.74 per share. by legacyFXofficialPublished 1