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Phillips 66 Trading Analysis (12/07/2024)

12.07.2024

Market Review

The trend is ascending. The stock is trading 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 oversold state.

The Phillips 66 Company stock price chart

Trading idea:

  • Buy when the formation of the ascending wave structure begins, when the wave A breaches the sloping channel of the downward truncated structure.
  • Stop-Loss at 132.00.
  • Target price levels at 149.20 and 159.20.


#phillips66 #stock #tradersroom #daytradingpatterns #forexexpertadvisor

Penulis: GC
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