COP Stock (NYSE: COP) Dangles Near $125, Has the Selloff Begun?

COP Stock (NYSE: COP) Dangles Near $125, Has the Selloff Begun?

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COP stock price shows an evening star candlestick in the last trading session.
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Bears are gaining traction and looking for a throwback toward $115.
COP stock price shows a bullish chart structure and trades above the key moving averages, showing buyers’ dominance in the past trading sessions. Moreover, the price action shows a breakout of the consolidation phase, gained momentum above the hurdle of $100 and looks bullish on the charts. Furthermore, the chart structure is favoring the bulls and suggests follow-on buying, which will lead toward $150 in the following sessions.
However, COP stock price is showing an evening star candlestick and failing to sustain near $120, showing that buyers are making efforts, but in front of mighty bears, sellers won in the last trading session and cooled off the initial gains. Moreover, the primary hurdle of $125 is the neckline of the supply zone and needs to be surpassed to extend the rally. COP share price is tr

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We współpracy z: https://www.thecoinrepublic.com/2023/09/06/cop-stock-nyse-cop-dangles-near-125-has-the-selloff-begun/

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