Visitors Now:
Total Visits:
Total Stories:
Profile image
Story Views

Now:
Last Hour:
Last 24 Hours:
Total:

XOM Ascending Triangle Pattern

Friday, October 5, 2012 8:30
% of readers think this story is Fact. Add your two cents.

(Before It's News)

XOM has formed a ascending triangle pattern over the last two weeks. Resistance has been at 92.55 which formed the top of the triangle. This is a consolidation move after running up 3% on 9/14. If XOM can break above 92.55 it potentially could set off a 3 point measured move sending XOM to 95.50. This area also happens to be XOM’s all times high and the highs from 2007.  These all time highs can also be causing the resistance XOM is seeing at 92.55.   This pattern is voided if XOM breaks below 91.74.




Source:

Report abuse

Comments

Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories

Register

Newsletter

Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.