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Thursday, 28 July 2016
Phillips 66 Technical Analysis: 28 July 2016, Thursday, 1.14am Singapore Time
Phillips 66 Technical Analysis:
28 July 2016, Thursday, 1.14am Singapore Time
Attached above is the Technicals for Phillips 66 (NYSE: PSX) that is listed in the US Market (NYSE). The yellow boxed region shows the strong show-up in support in the volume flow. The 4 subsequent green boxed volumes are all sell-absorptions and buying mark-ups which are all bullish in nature for this stock. This stock will rally strongly with the commodities broad rally of 2H-2016 and 2017 which I had forewarned.
Blue lined consolidation will break up and rocket with a bang.
Powerful upside is awaiting for Phillips 66 (NYSE: PSX).
A lot of money can be made from this stock.
DNA Technical Rating:
Bullish Re-accumulation for 2H-2016 and 2017 Super Rally.