Stock Market Viewpoint

Stock Market Viewpoint
Reading the Tea Leaves...

Wednesday, December 30, 2015

XOM Attempting a Turn Up?

While XOM has been dragged down by plunging oil along with its counterparts, its long term weekly bars chart is still in decent shape overall.

click on image to enlarge

On the daily chart, its whole posture has improved since the August selling purge and it is now steadily working its short term pink channel higher, ready to try a breakout of its year and a half downhill red channel.

Trade well my friends


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