Showing posts with label XOM. Show all posts
Showing posts with label XOM. Show all posts

Exxon-Mobile’s breakout (XOM)

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Beautiful triangle breakout on Exxon-Mobile.  Bought this on the pinkish colored red line @ $66.55 on October 2nd, 2009 and am so glad to  have made the purchase especially after seeing it break out finally on the upside.  A wedge formation like this statistically results in a huge move depending on where the triangle breaks and today’s break is on the upside.  Hoping to see a continuation tomorrow with a much higher volume especially when everyone’s back from Columbus day holiday. 

Bought Exon-Mobile (XOM) at $65.57

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Bought XOM @ 65.67 with a stop loss @ $64.80 & a short term target price at $68.12.  Stochastics & MACD looks like it is ready for a run too and seems like its the end of the road for the H&S formed with the $74 peak as the head & the two $71 as the shoulders.