Conoco Phillips (NYSE) Analysis, Chart, and Trading Idea
#COP
The overall trend is ascending. The descending wave structure is truncated. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the oversold state.
Trading idea:
Buy at the formation of the ascending wave structure, when the (A) wave breaches the sloping channel of the downtrend truncated …