Live monitoring of the Rounding Bottom setup on PSX. See where price is heading.
Gradual reversal from bearish to bullish.
A clear signal has emerged for Phillips 66 (PSX) on the daily chart. The stock is trading at $166.14, down 0.62% on the day. The primary technical feature is a Rounding Bottom formation. Volume is strong (2.33x avg) with moderate trend strength (26.9). A potential breakout level is identified at $188.0, targeting $223.53 with support near $170.24 (R:R 2.0).
What is your outlook on PSX?