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ConocoPhillips Trading Analysis (09/08/2024)

09.08.2024

Market Review

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 downward wave structure begins.
Stop-loss at 108.65.
Price targets at 105.20 and 103.20.

#conocophillips #stock #tradersroom #daytradingpatterns #forexexpertadvisor

Author: GC

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