Potential longer term bullish scenario

업데이트됨
Three bullish signals were provided last week by XOM price action:
1. Stock was strong despite bearish market sentiment.
2. The price re-tested broken channel and confirmed breakout by bouncing from channel's top.
3. The price closed above the 200 SMA line
If indeed the markets will turn positive, as SPY chart suggests, XOM may be headed for 20$ run towards 100$ and the completion of a bearish Bat pattern.
Though there are plenty of target levels from 80$ to 100$ that can be used for profit taking, with a decent stop loss below the 75$, you may be able to ride this one all the way up to Bat completion.

Tomer, The MarketZone
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노트
Approaching final target zone and potential sell zone. Trade closed manually
aggressivecHarmonic PatternsXOM

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