A bullish wedge pattern has formed for COP since its peak on June 2008. It looks like it has formed a bottom around $34.96 breaking the down trend line around the $40.00 level. Have always had a position on the $45.00 level since last November and am finally close to break even again. I am not going to let go of this stock as I feel that this stock still has high potential to the upside. In the short term, $46.00 is a heavy resistance level that I hope will break.
