ConocoPhillips Trading Analysis (17/05/2024)
The trend is ascending. The stock is traded in the range between 365 and 135 ЕМА. The downward truncated wave structure ends with the breach of the sloping channel. There is a bullish divergence on the Awesome Oscillator, and the moving averages of the Stochastic Oscillator are out of the oversold zone.
Trading idea:
Buy at the breach of 121.87.
Stop-Loss at 118.58.
Target price levels at 127.20 and 133.80.
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