Technical indicators signal a Ascending Triangle forming. Verify the setup on the chart.
Bullish continuation pattern.
COP is showing interesting structural developments at $130.52. The stock is trading at $130.52, up 1.67% on the day. Price action has carved out a classic Ascending Triangle. Volume is average (0.64x avg) with moderate trend strength (40.2). A potential breakout level is identified at $135.87, targeting $163.63 with support near $122.95 (R:R 2.15).
What is your outlook on COP?