Phillips 66 (PSX) Technical Analysis: A Positive Outlook
Golden Cross The 20 moving average on the daily chart has crossed above the 50 moving average today. Monthly High Stock price is at monthly highs. Pivot Machine Gun (PMG) When price makes continued highs for 5 days. This is a bearish reversal signal only if price starts to break the low of the last day's candle. Volume Shelf Launchpad When price starts to move with some momentum from a volume shelf, it is called a volume shelf launchpad. CCI Buy Trigger Commodity channel index (CCI) crossed the 0 level to the upside thus triggering a buy signal.
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