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PSX

PSX | InformativeNYSE:PSX Overall Trend: The stock has been following an upward trend, as evident from the upward-sloping blue trendline. This suggests bullish momentum. Candlesticks: We see a mix of bullish and bearish candles, but the bullish candles are larger in body, suggesting stronger buying pressure. The large blue candlestick in the recent period might indicate strong buying interest. Moving Averages: The stock is trading above both the short-term and long-term moving averages, which is a bullish indicator. The moving averages are also in an upward trajectory, further affirming the bullish momentum. Support and Resistance: Bullish Line (Resistance turned Support): The stock has broken above the "Bullish Line" at 116.77 USD, turning it into a potential support. Bearish Line (Resistance): At 115.23 USD, if the stock moves downwards, this could be a resistance point to watch. Price Targets: Target Price 1: 113.80 USD - If there's a pullback, this could be a potential lower target. Target Price 2: 111.56 USD - A further downward target if the stock faces more selling pressure. Target Price 1: 118.50 USD - An upward target if the bullish momentum continues. Target Price 2: 119.78 USD - A higher potential target with continued bullish activity. Volume: A significant spike in volume accompanies the large bullish candlestick, suggesting strong buying interest. RSI (Relative Strength Index): The RSI is hovering around the middle range. It's not in the overbought or oversold territories, suggesting that there's room for the stock to move in either direction. Summary: The stock shows signs of bullish momentum, with strong buying interest evident from the recent large bullish candlestick and the upward trend. The break above the Bullish Line is a positive sign. However, it's essential to watch for potential pullbacks towards the bearish line and monitor the stock's movement in conjunction with real-world news or financial data related to Philips 66.
NYSE:PSX
by shkspr
TOMCL - Testing Break Down LevelTOMCL - Testing Break Down Level TOMCL Technical Analysis Overview: TOMCL is currently undergoing a critical testing phase, as it grapples with a bearish trend spanning nearly two years. Investors are advised to exercise caution and remain vigilant regarding key price levels. Immediate Support at 21.40: It's important to note that a sustained trading position above the 21.40 mark is essential for potential positive momentum. Investors should closely monitor this level. Inner Channel Vulnerability at 19.77: Should TOMCL breach the inner channel support at 19.77, there is a likelihood of a price test at the 18.00 level, which aligns with the parallel channel support. Further Downside Risk: A breach of the 18.00 level may open the door to a significant downward correction, with potential targets at 15.20 and 14.60. Bearish Divergence in Indicators: It's worth noting that indicators are displaying a bearish divergence, further underscoring the cautious sentiment surrounding TOMCL's current trajectory. In summary, TOMCL is facing a critical juncture in its price action, and investors should closely monitor the key support and resistance levels outlined here. Prudent risk management and vigilance are advisable in light of the prevailing bearish trend and bearish divergence in indicators.
PSX:TOMCL
by tradeflowadvisors
KSE 100 INDEX BUYas Pakistan stock exchange has given an access to this portal and my first analysis is on KSE 100 INDEX i see a potential buy setup to a Daily Resistance Level and the first confluence for this setup is a GAP UP opening on Monday which is buy Signal the 2nd confluence is 200 EMA which is below candles and shows that it will be a buy setup third confluence is formation of a hammer candle which also shows us a buy setup but as i know the political situations and Geo economical position of Pakistan any move could be possible if everything goes smooth we will buying this 100 index
PSX:KSE100Long
by Wakeel_Saab
NETSOL - initial target of 10% upside After witnessing a rapid recovery in IT stocks worldwide, especially on the NASDAQ, it seems that a similar trend may be expected in Pakistan's IT sector in the near future. The IT sector is poised to be a significant beneficiary of the current economic environment, with the government likely to provide further tax rebates. Given this outlook, I hold a bullish stance on the IT sector and have identified NETSOL and TRG as top picks. Currently, NETSOL is trading at $80. I have set an initial target of 10% upside, and once this target is achieved, we can review and discuss the next set of targets. Please note that the above analysis represents my personal opinion as a financial analyst. It is important to conduct further research and analysis before making any investment decisions.
PSX:NETSOLLong
by meerabdullah
1
AIRLINK - Potential Upside 38% - #PSXThe initial public offering (IPO) of AIRLINK 75 took place, and currently, the stock is trading at $21.50. From this point, there appears to be a potential upside of 38% in this stock, with a recommended stop-loss level set at $19.60. This analysis suggests that the stock may have room to increase by 38% from its current price, and it is advisable to set a stop-loss level at $19.60 to mitigate potential losses. "Do your own research and trade on your risk"
PSX:AIRLINKLong
by meerabdullah
PSX | Time to Short This | OverboughtPhillips 66 operates as an energy manufacturing and logistics company. It operates through four segments: Midstream, Chemicals, Refining, and Marketing and Specialties (M&S). The Midstream segment transports crude oil and other feedstocks; delivers refined petroleum products to market; provides terminaling and storage services for crude oil and refined petroleum products; transports, stores, fractionates, exports, and markets natural gas liquids; provides other fee-based processing services; and gathers, processes, transports, and markets natural gas. The Chemicals segment produces and markets ethylene and other olefin products; aromatics and styrenics products, such as benzene, cyclohexane, styrene, and polystyrene; and various specialty chemical products, including organosulfur chemicals, solvents, catalysts, and chemicals used in drilling and mining. The Refining segment refines crude oil and other feedstocks into petroleum products, such as gasolines, distillates, aviation, and renewable fuels at 12 refineries in the United States and Europe. The M&S segment purchases for resale and markets refined petroleum products, including gasolines, distillates, and aviation fuels primarily in the United States and Europe. This segment also manufactures and markets specialty products, such as base oils and lubricants. The company was founded in 1875 and is headquartered in Houston, Texas.
NYSE:PSXShort
by DivergenceSeeker