Mar. 22 at 4:06 PM
$COP — NO BEARISH PIVOT YET. TREND IS YOUR FRIEND UNTIL IT’S NOT 📐
👉Click to view @NasdaqKnight for timely updates amid the volatility.
For those who entered on the January breakout (
$93→
$105) or the Feb pivot off support (
$100.5→
$126), the structure remains bullish with zero technical evidence to exit.
📊 REAL-TIME DATA (Mar 23):
Price:
$126.92, new 52-week high
$126.35 broken
Volume: 32.1M yesterday — buyers absorbing every dip
Options flow: massive OI additions at
$120 call (+1,304 contracts) and
$125 call (+400) — whales positioning for more upside
52-week low was
$79.88 — that’s a +59% YTD rally. Yet, no distribution signals
📈 TECHNICAL SETUP:
Last week’s bullish continuation candle confirms momentum is firmly in buyers’ hands. Demand absorbs supply on every minor pullback.
PSYCHOLOGY:
This is a trend-following environment. Strong hands stay patient. Weak hands take profits too early and get left behind.
Trend intact. Stay in. Let it work.
