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PHILLIPS 66

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1PSX trade ideas

Iran aids breakout in Phillips 66.Prior to the events in Saudi Arabia this weekend , PSX was already on the cusp of a breakout, surely hostilities in the middle east can only stimulate the move. Phillips 66 engages in the processing, transportation, storage, and marketing of fuels and other related products. The company operates through the following segments: Midstream, Chemicals, Refining and Marketing & Specialties. The Midstream segment provides crude oil and refined products transportation, terminaling and processing services, as well as natural gas, natural gas liquids and liquefied petroleum gas transportation, storage, processing and marketing services. The Chemicals segment produces and markets petrochemicals and plastics on a worldwide basis. The Refining segment Refines crude oil and other feedstocks into petroleum products such as gasoline, distillates and aviation fuels. The Marketing and Specialties segment purchases for resale and markets refined petroleum products such as base oils and lubricants, as well as power generation operations. Phillips 66 was founded on April 30, 2012 and is headquartered in Houston, TX.
NYSE:PSXLong
by Bullishcharts
Philips 66 6% yield looks attractivePSX looks like its heading for the $115 as investors are turning more bullish on the energy sector, huge rotation is taking place in the market, PSX had a 6% yield which is particularly attractive. AVERAGE ANALYSTS PRICE TARGET $118 AVERAGE ANALYSTS RECOMMENDATION overweight P/R RATIO 9 SHORT INTEREST 2% COMPANY PROFILE Phillips 66 engages in the processing, transportation, storage, and marketing of fuels and other related products. The company operates through the following segments: Midstream, Chemicals, Refining and Marketing & Specialties. The Midstream segment provides crude oil and refined products transportation, terminaling and processing services, as well as natural gas, natural gas liquids and liquefied petroleum gas transportation, storage, processing and marketing services. The Chemicals segment produces and markets petrochemicals and plastics on a worldwide basis. The Refining segment Refines crude oil and other feedstocks into petroleum products such as gasoline, distillates and aviation fuels. The Marketing and Specialties segment purchases for resale and markets refined petroleum products such as base oils and lubricants, as well as power generation operations. Phillips 66 was founded on April 30, 2012 and is headquartered in Houston, TX.
NYSE:PSXLong
by RedHotStocks
PSX Put SpreadPSX Put Spread $1.7 Cost EXP Sept 27th Market sentiments are bearish, This may move lower, weekly RSI looks like its bullish but daily and 4h are bearish. Support seems to be breaking down on price, looks like a high reward low risk entry. Lets see how it pans out. Profit Target is $165 USD max risk is $100. Bullish target is if it moves higher to $100 I lose this trade. However if it moves lower as its trending to $90 this trade is a win and if it goes even lower to around $87-88 I can take a profit of $165.
NYSE:PSXShort
by Synaptic724
Options Trading: Phillips 66(PSX) Buy Call $100 Exp: 7/19Understanding The trade: As an options trader my goal is to identify trend change and utilize a breakout strategy to leverage profit off of major trend changes with minimal risk. Even though this contract does not expire till 7/19 I will be looking to take profit by early july as the rate of decay factor starts to come into play as the contract approaches expiry. This should correlate nicely with the Fib Retracement lvl of .786. If you have any questions please feel free to comment below and follow. Thank you and trade safe. Reasons For Trade: • Bounced off the Dec 19' low of 78~80 lvl • Broken downward channel (1D chart Apr 1st -June 3rd) • Broken RSI Channel • RSI Overbought > 30 Trade Parameters: • Broker: Robinhood • Cost For Entry: Free • Contracts: 20 • Entry Price: .06 • Risk: $120 • Reward: $360 • ROI: 300% • Risk/Reward Ratio: 1:3
NYSE:PSXLong
by BradenH
PSX Inverse Head and ShouldersPSX has completed an inverse Head and Shoulders pattern but failed to breakout above the neckline. It's possible that this could be due to the imminent earnings report which will be released BMO on Friday. In my opinion investors - traders are waiting for this release before entering a long position. PSX is once again approaching the neckline area and a nice beat on Friday could be the catalyst that is needed to push the price above the neckline towards $100. PSX has beaten the earnings estimates the last 5 quarters but looking at the chart, PSX typically does not seem to make huge moves one way or the other on earnings results. That being the case I still believe a nice beat on Friday could propel PSX toward the $100 area. I am currently long PSX but I am also waiting to see the earnings results before adding or reducing my position.
NYSE:PSXLong
by Bigsky_Crypto
$PSX - Perfectionist shit. Just spent so long tryna get an exact match on fib levels I forgot which ticker I was looking @ smh. Anyways - easily a chart I have less than an A+ confidence on, but if you're like me & you heavily rely on your own strategy / indicators, you more-or-less start to see patterns / re-traces / setups that normally, you wouldn't spot if it wasn't one you had a 10/10 A+ "Seen it a hundred times" type attitude. This is one of those. Came up on my linear regression scanner (A+) for finding tops, but typically sees some consolidation before paying off pretty solid if you take the 2nd look before a trade. I did have this on watch sometime earlier this / last week for the 07/27 earnings, but didn't pay too much attention just because it was already halfway through beast-mode. Best comparison that'd come to mind off top of my head is $SHOP. Little taller than the ideal double-top, but it goes well with the consolidation @ the top of resistance. Preferable short entry - 20EMA crossing above 223% (green) fib should point to the top, if you're patient, would be an A+ short entry. Might not see much more action til next week, but even then - the downside should be significant enough that 223% (black) fib could / should / might / be @ or around the bottom. In all reality, I wouldn't post a chart had I not seen a potential hella profitable trade so, I'll take a loss or I'll live another day to be a perfectionist.
NYSE:PSXShort
by DerekD_
Fib. Ret (0.786) on Daily/Weekly Great Reversal AreaSee Chart for details. Get time to get into a bullish trade at around $92 area or lower ($90). Then except a move up to at least $98, with would give you minimum of a 3 (REWARD) to 1 (RISK) or 3:1 ratio of return on your money. Just set your stop lost at $90 or $2 below entry, then go $6 above entry PA. "W" patterns (as in yellow square) is very good sign of major support and break out soon. Enjoy Trading, both Price Action and the only indicator you really need are your EYES. Keep It Simple!!
NYSE:PSXLong
by Anbat