Exxon MobilGiá lên
XOM, Cup and Handle Break out ! Long above 92.05 !
Cập nhật
XOM is beautifully formed a classic cup and handle pattern.
So far, we have break out , pull back and only remaining point to safe entry is a bullish candle above 92.05.
First target which was obtained by adding the depth of cup ( shown as H on the chart ) to the break out line is 104-105 USD.
Please note the crude oil trend is also up therefore , it is reasonable for energy stocks to go up.
In terms of Elliott waves, XOM may see much higher prices especially in long terms. I will publish my broader view for the stock later and propose my wave count and related long term targets ( s.th close to 200 USD !! ). For now, I just tried to keep it as simple as possible.
Wish you nice profits.
So far, we have break out , pull back and only remaining point to safe entry is a bullish candle above 92.05.
First target which was obtained by adding the depth of cup ( shown as H on the chart ) to the break out line is 104-105 USD.
Please note the crude oil trend is also up therefore , it is reasonable for energy stocks to go up.
In terms of Elliott waves, XOM may see much higher prices especially in long terms. I will publish my broader view for the stock later and propose my wave count and related long term targets ( s.th close to 200 USD !! ). For now, I just tried to keep it as simple as possible.
Wish you nice profits.
Ghi chú
Never passed buy point. We still keep it on watch.Ghi chú
XOM is passing buy point : 92.08stop loss is :83.38
Giao dịch đang hoạt động
Ghi chú
First Target reached and wave relationships suggest it still goes higher.Best regards great followers.
Ghi chú
We have new ATH in the stock.Today XOM took out 8 years ATH.
Congrats my friends.
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