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Technical analysis

Chart Analysis - Week Ahead 19 September 2022

technical analysis

Check out the trading idea of the week below!
 




Trading Idea of the Week

(NYSE:COP - ConocoPhillips)

  • BULLISH BIAS
  • Key levels on the chart - consider taking trades from key support/resistance levels
  • ConocoPhillips acquired an additional 10% interest in Australian Pacific LNG from Origin Energy (ASX:ORG) for US$1.65B. This brings ConocoPhillips’ interest to 47.5%, from which they’re expecting to receive US$1.8B in dividend distributions for 2022.
  • Given the macroeconomic backdrop on LNG with the Russia/Ukraine war and surging natural gas prices, this is definitely a stock to watch over!

 


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