Exxon MobilLong
XOM Cup and handle
Updated
I apologize for the lack luster chart, Im new to publishing and just wanted this idea out there.
4-month long cup, bottom @ $31 , 1-month long handle @$44.50 = PT of $57 (38,2 FR) , $52 would also be a good exit (50% FR)
The usual way to define exit with CH is to find the difference between the bottom of the cup and the start of the handle. In this case its around $14 making our price target around $57 once again.
4-month long cup, bottom @ $31 , 1-month long handle @$44.50 = PT of $57 (38,2 FR) , $52 would also be a good exit (50% FR)
The usual way to define exit with CH is to find the difference between the bottom of the cup and the start of the handle. In this case its around $14 making our price target around $57 once again.
Note
Continuing the nice upward trend as expected. Not a bad time to pull some profits considering this is the longest rally XOM has had in years. Also, consider adding. $57 PT remains
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