XOM Stock Chart Setup
By Johns Wu on Jul 16, 2006
XOM, Exxon Mobil Corp, is looking strong as it heads into the third retest of the $65 resistance.
XOM has been rallying the last couple days while the markets have been bleeding. Also remember that "LONG BASES MAKE FOR BIG BREAKOUTS." Notice that the chart I put up today is a WEEKLY chart. XOM has been consolidating for a long time and is ready for another bull run.
These oil stocks are crazy. You can make so much right now trading oil futures commodities.
This entry was posted on Sunday, July 16th, 2006 at 2:08 am and is filed under Annotated Analysis.
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