Trading idea for Conoco Phillips (NYSE)
#COP
The general trend is ascendant. The share is traded between 365 and 135 moving averages. The descendant wave structure is truncated (wave C has not breached 123.6% of A wave). Awesome Oscillator indicates bullish divergence, and Stochastic Oscillator signals oversold conditions.
Trading idea:
Buy when the ascendant wave structure …