XOM

[AussieTrader]

Stop moved between 50sma and 9ema, just above the tall red candle (in the gap basically). Will still exit manually with a close above 9ema.

XOM had a nice strong rally out of the consolidation to close above the 9ema. I bought to cover Monday as it was clear the stock was going to close strongly above 9ema.

[AussieTrader]

Looks like my stop may prove to have been too aggresive. XOM very weak again, breaking support.

[setravis]

Great work on this thread Aussie !!
Applaud..... 
Keep up the outstanding work that you contribute to 3SOF Boards....

[hawk]

again showing weakness.

oil prices  down.

any words abotu where this one might go ?

[Melf Elf]

again showing weakness.

oil prices  down.

any words abotu where this one might go ?

hawk,

XOM broke the neckline of a little H&S Top on September 6. The target of 63.46 never made.  The low was only 63.86.   

It's rallying today, with oil prices down, but it failed twice to get back above the broken trendline, on September 28 and yesterday, October 9.

[Melf Elf]

[It's rallying today, with oil prices down, but it failed twice to get back above the broken trendline, on September 28 and yesterday, October 9.

Gap down this morning, out of a Bearish Rising Wedge.

XOM currently is hanging onto the bottom of an Ascending Triangle.  The highs of the pattern are 66.78-66.79.

[Melf Elf]

XOM currently is hanging onto the bottom of an Ascending Triangle. 

Without success.

The Ascending Triangle is a Bearish Continuation pattern.  Combined with the Bearish Rising Wedge in the last post, we've got a H&S Top forming.  Low volume in the Right Shoulder/Ascending Triangle.

A break of the neckline puts 65.45 IN PLAY.