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4COP trade ideas

COP Multiple fails at breaking out will come down grab liquidityMultiple fails to break out will result in another grab deeper for liquidity. Normally I would say this is going to do a double inside turn which is a fail to reach the high and a fail to reach the low. Then make a move back to the high. but the M pattern at the high is hard to ignore. There are three attempts on that consolidation high. Which will result in 3 pushes down at the low. So if nothing else the last one will push deeper then the first two. I might not have enough time for all of that to happen so 15 day option plays might be what is needed for you to really see it all the way through. I think this failed to go lower to manipulate the low. Which will result in a pull back to get the distance it failed to cover then a reverse back down. I am only looking a $4 push down that might have some Emotion to it and do double that. Then soak back up to find support around the 100-102.50 area. To finally setup for a long break out above my lines. Im using timing, manipulation, breakout failures, and just priceaction to plot this out. Pls like follow tip your bartender and safe trading. iCantw84it 11.29.24
NYSE:COPLong
by iCantw84it
1
COP - LONG SWINGTRADEStock traders may advise shareholders and help manage portfolios. Traders engage in buying and selling bonds, stocks, futures and shares in hedge funds. A stock trader also conducts extensive research and observation of how financial markets perform. This is accomplished through economic and microeconomic study; consequently, more advanced stock traders will delve into macroeconomics and industry specific technical analysis to track asset or corporate performance. Other duties of a stock trader include comparison of financial analysis to current and future regulation of his or her occupation.
NYSE:COPLong
by GOLDBERG_INVESTMENT
Trade Idea | COP | ConocoPhillips | LongLong Entry: 107.50 Stop Loss: 104.50 We are long on this one for now as oil and its peers are starting to advance due to the increasing tension in Middle East. USO is now at $72.11 and might be at $75.00 before this week ends, if no visible peace talks between each countries. If the momentum to the upside sets in, COP might be able to test the $115 level in no time. If that happens, moving the stop to $110.00, which is now above the entry price is highly recommended to somehow protect the floating gain. I will stay long on this one as long as the narrative on this situation stays the same. -BB
NYSE:COPLong
by blue039
2
COP Getting in Trubles? I don't think it looks great even tho: Analyst Ratings and Price Target ConocoPhillips has received a consensus rating of "Moderate Buy" from analysts, according to MarketBeat, indicating positive sentiment towards the stock. The consensus price target stands at $133.68, suggesting a potential upside of approximately 20.84%. This reflects the confidence analysts have in the company's ability to continue delivering value to its shareholders​​. Investment Highlights Industry Leadership: ConocoPhillips is recognized as a major player in the oil and gas industry, with a substantial market cap that underscores its scale and operational capacity. The company's extensive operations across 13 countries highlight its global footprint and diversified production base​​. Operational Efficiency: The company's focus on streamlining operations and maximizing cash returns to shareholders is a strong point in its favor. ConocoPhillips' strategic investments and operational discipline have positioned it well to navigate the volatile energy market​​. Capital Returns: ConocoPhillips has a robust program for returning capital to shareholders, highlighted by significant share repurchases and a competitive dividend payout. This commitment to shareholder returns is a key attraction for investors​​. Potential Concerns Market Volatility: As with all companies in the energy sector, ConocoPhillips is subject to fluctuations in oil and gas prices, which can impact profitability and operational plans. Investors should be mindful of the inherent volatility in commodity markets. Geopolitical Risks: With operations in multiple countries, ConocoPhillips faces geopolitical risks that could affect its international operations. Changes in regulatory environments, political instability, or disruptions in global supply chains could pose challenges. Outlook for 2024 ConocoPhillips is expected to continue leveraging its industry leadership and operational efficiency to navigate the evolving energy landscape. The company's focus on sustainable operations, strategic investments in key areas, and commitment to capital returns position it well for growth in 2024. However, investors should consider the potential risks associated with the energy sector, including market volatility and geopolitical uncertainties. In summary, ConocoPhillips (COP) appears to be well-positioned for continued success in the coming year, backed by strong analyst ratings and a strategic approach to growth and shareholder returns. The company's robust operational foundation and forward-looking strategies make it a noteworthy option for investors interested in the energy sector.
NYSE:COPShort
by Cidoguy
COP - break out and measured rangeNYSE:COP loves breaking out of descending secondary trends and filling proportional ranges. If history repeats, this sets us up for a move to 124-129. Note that we've hit the volume weighted average price anchored to the prior high. This might act as resistance and trigger a retest of the breakout. This happens ~70% of the time with breakouts from descending triangles. Note that changes in trend have aligned to Fibonacci time zones. The next one is 12/18/23.
NYSE:COPLong
by Ben_1148x2
COP - target reachedOil prices are climbing, benefiting the energy and energy exploration sectors. I published the breakout of this opportunity with NYSE:COP in mid July. It's price history has respected these measured movements and the initial target was reached today. It's possible that we extend to $133, and potentially even set new highs in the upper section of the channel in the $140's. Note that $144 would be the 1.618 extension from the January - March retrace. That being said, I took profit now and will manage the remaining position by actively edging up a stop loss. While oil supply is tight, it's an OPEC decision and can reverse without much notice. Additionally, we can see that oil just hit its VWAP from the 2022 high, which is likely to initially act as resistance.
NYSE:COPLong
by Ben_1148x2
1
COP - excellent breakoutFollowing a five-month decline from its all-time high in November 2022, ConocoPhillips ( NYSE:COP ) has spent the subsequent five months consolidating within an area of value in its long-term upward channel, establishing strong volume support. Historically, we've observed COP forming triangles and making measured movements on breakouts within this channel. If the breakout we're witnessing this week aligns with past price action, we could anticipate a new range extending as high as $124. It's worth noting that the analyst consensus 12-month price target stands at $130. In a previous post, I mentioned that the gold/oil ratio relative to energy was signaling a bottom, which further confirms this opportunity with COP. I'm already long on COP. My strategy involves additional accumulation between $108-110, profit-taking between $123-125, and setting a stop loss between $97-98. As always, it's crucial to monitor market trends and adjust strategies accordingly.
NYSE:COPLong
by Ben_1148x2
Can ConocoPhillips Break Out?ConocoPhillips has traded in a flat range since the end of winter, but now the oil and gas driller could be attempting a breakout. The first pattern on today’s chart is the $110 level. It was the high for both May and June. COP’s rally this month pushed it through that price. This week, it held the level. Has old resistance become new support? Next are the series of higher monthly lows since March. Those may indicate that longer-term buyers are lurking beneath the surface. Third, some shorter-term signals are potentially bullish: MACD is rising and the 8-day exponential moving average (EMA) is above the 21-day EMA. Finally, the most recent high around $112 is near the April high and the 200-day simple moving average. Some traders may view a close above those levels as confirmation of a breakout. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more. Important Information TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services. It is neither licensed with the SEC or the CFTC nor is it a Member of NFA. When applying for, or purchasing, accounts, subscriptions, products, and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means. This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates. Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: www.tradestation.com .
NYSE:COP
by TradeStation
COP- Divergences suggest bearish reversal.COP has had a brief trend up in the past three and a half trading days of about 8%. An analysis of the 30 minute chart suggests this could reverse. Firstly, the HA candles are now narrow- ranged and more or less Dojis. The MTF RSI indicator of Chris Moody shows dropping RSI on the 5 minute TF while it is hold up at 100 on the 60 minute TF. The former is indicative of bearish divergence. In a similar fashion the zero lag MACD shows an early cross-over of the K and D lines over the positive histogram another bearish divergence and sign of impending reversal of momentum. Based on all of this I will take two put option on COP striking $110 one expiring 7/14 and the other 7/21 targeting stock prices of $105 then $102. I am projecting profits of 25% on the shorter trade and 75% on the longer trade. I will find the entry on the 5 minute chart looking for a pivot high coupled with a transitioning EMA200 from a positive slope to zero or negative. Other traders may simply short COP and hold to the lower target.
NYSE:COPShort
by AwesomeAvani
O&G on the up todayThere are many names in the O&G that I could consider opening long positions today. NYSE:COP is one of them, others being NYSE:CNQ NYSE:DINO , NYSE:VLO among others. Note however that many of these tickers are still in a long term down trend so it would be prudent to start off with a small position and see how the merket behaves and react accordingly. I set support and resistance based on higher timeframes and based on the NYSE:COP weekly chart, I have set temporary resistance at around $108.
NYSE:COPLong
by et20tradeview