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COP stock price is close to the breakout region near $130.
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Buyers are gaining strength and are looking to reach $150.
ConocoPhillips (NYSE: COP) COP share was trading in an uptrend and showcased a cup and handle pattern indicating bullishness on the charts. Moreover, the price broke out of the $120 trendline and is looking to extend the buying momentum and surpass the major hurdle of $130. Furthermore, the bulls are gaining traction and are willing to reach the blue sky zone near $150. COP stock price showed a gap up candlestick and has surpassed the significant moving averages witnessed the buying interest in the yesterday trading session.
COP stock price is close to the major neckline of $130,which if surpassed, would stretch the rally toward $140 followed by $150. However, the options chain shows that, at the strike price of $124, there is incisiveness between the bulls and bears with a open interest of 287 hundred shares on the call side, where
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