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Phillips 66 Trading Analysis (15/08/2024)

The trend is descending. The stock is trading in the range between 365 and 135 ЕМА. The upward wave structure is truncated. There is a bearish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals an overbought condition.

Trading idea:

  • Sell when the formation of the descending wave structure begins, when the wave …
GBP/JPY Trading Analysis (15/08/2024)

The trend is descending. The currency pair is traded in the range between 365 and 135 ЕМА. The downward wave structure is truncated. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals an overbought condition.

Trading idea:

  • Sell when the formation of the descending wave structure begins, when the …
CNOOC Trading Analysis (14/08/2024)

The trend is ascending. The downward truncated wave structure finished with the breach of the sloping channel. There is a bullish divergence on the Awesome Oscillator. The breach of 20.36 will start the formation of the ascending wave structure.

Trading idea:

  • Buy at the breach of 20.36.
  • Stop-loss at 18.70.
  • Price targets at …
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