ConocoPhillips · Week 7 · ongoing decline
ConocoPhillips: technical bounce off double bottom, but distribution continues
ConocoPhillips · Week 7 · ongoing decline
In Summary
ConocoPhillips is in the 7th week of a sell signal. The week closed up 2.8% off the double bottom in the 113 area — a short-term technical bounce, but one that has not changed the underlying picture: CMF remains in distribution at -0.31 and bearish momentum has hit its lowest point in the past 4 weeks. The trading-not-recommended flag remains active.
Ongoing decline
·7th week from start
·US stocks
·T2
IQS Phase
72
in tension
Signal Strength
30
shallow weekly drop
Sizing
REDUCED
Ranking
#38 / 96
US stocks
Trade P&L %
-0.95%
from signal to today
restricted Platinum content