Trading (COP) With Integrated Risk Controls
January 26, 2024, 07:24 am ET, BY Christie- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for COP
- Buy COP slightly over 111.26 target 119.4 stop loss @ 110.94 Details
The technical summary data tells us to buy COP near 111.26 with an upside target of 119.4. This data also tells us to set a stop loss @ 110.94 to protect against excessive loss in case the stock begins to move against the trade. 111.26 is the first level of support below 111.52 , and by rule, any test of support is a buy signal. In this case, support 111.26 would be being tested, so a buy signal would exist.
- Short COP slightly under 119.4, target 111.26, stop loss @ 119.74 Details
The technical summary data is suggesting a short of COP as it gets near 119.4 with a downside target of 111.26. We should have a stop loss in place at 119.74though. 119.4 is the first level of resistance above 111.52, and by rule, any test of resistance is a short signal. In this case, if resistance 119.4 is being tested, so a short signal would exist.
Swing Trading Plans for COP
- Buy COP slightly over 119.4, target 128, Stop Loss @ 119.06 Details
If 119.4 begins to break higher, the technical summary data tells us to buy COP just slightly over 119.4, with an upside target of 128. The data also tells us to set a stop loss @ 119.06 in case the stock turns against the trade. 119.4 is the first level of resistance above 111.52, and by rule, any break above resistance is a buy signal. In this case, 119.4, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short COP slightly near 119.4, target 111.26, Stop Loss @ 119.74. Details
The technical summary data is suggesting a short of COP if it tests 119.4 with a downside target of 111.26. We should have a stop loss in place at 119.74 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 119.4, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for COP
- Buy COP slightly over 119.4, target 128, Stop Loss @ 119.12 Details
If 119.4 begins to break higher, the technical summary data tells us to buy COP just slightly over 119.4, with an upside target of 128. The data also tells us to set a stop loss @ 119.12 in case the stock turns against the trade. 119.4 is the first level of resistance above 111.52, and by rule, any break above resistance is a buy signal. In this case, 119.4, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short COP slightly near 119.4, target 111.26, Stop Loss @ 119.68. Details
The technical summary data is suggesting a short of COP if it tests 119.4 with a downside target of 111.26. We should have a stop loss in place at 119.68 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 119.4, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Conocophillips (COP) available here: COP.
COP Ratings for January 26:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Weak |
Strong |
| P1 |
0 |
0 |
111.26 |
| P2 |
109.96 |
105.5 |
119.4 |
| P3 |
110.95 |
109.32 |
128 |
AI Generated Signals for COP
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for COP:
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