XOM, Cup and Handle Break out ! Long above 92.05 !

2022년 5월 6일

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.

2022년 5월 9일

노트

Never passed buy point. We still keep it on watch.

2022년 5월 16일

노트

XOM is passing buy point : 92.08
stop loss is :83.38

2022년 5월 17일

액티브 트레이드

2022년 6월 8일

노트

First Target reached and wave relationships suggest it still goes higher.

Best regards great followers.

2022년 6월 8일

노트

We have new ATH in the stock.

Today XOM took out 8 years ATH.

Congrats my friends.