Yesterday I put out a follow up to the original XOM idea (setting up a short position).
Here is the break of the second H&S top recently which I believe is part of a larger double top. We are looking for a volatility shakeout to the upside, I placed an general target around $84.50 yesterday.
Look who is breaking out of a triangle just below the H&S neckline!
XOM's leading positive 5 min chart, much of that from yesterday...
Get some price alerts on XOM if it is a trade you may be interested in. Here's a link to the original idea
The link to yesterday's update is at the top of this post.
Is interest rates about to start going up?
-
Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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