EXXON. EXOFF. EXXON. EXOFF. THE CLAPPER. The most important thing on the chart is the steep rejection trend that is also trending upwards. It is leading into another rejection trend, which should see some resistance, but with a potential move along the steep trend into the rejection and finally into a breakout, we could see the price around 118. There is potential to keep climbing from this point, and the top number I see is marked.
Earnings on the 26th is marked.
Short term indicators are showing bullish.
Price can keep pushing upwards.
When it falls, it could be fairly quick.
There are some really nice lines of support on the lower end.
Still undecided how this plays out, and I'll need more info before making a move.
Still, chart is worth watching.
