While XOM recently bottomed at its 13-year ascending channel's lower line (shown in black) and it has also declared itself free of its 11-year descending channel (show in brown) it keeps finding resistance at its $84 level over the past year.
click on image to enlarge
It can be argued that the past year's trading is basically a large inverted head and shoulders pattern but it will need a convincing breakout when the $84 resistance has been there for nearly a year.
Trade well my friends
Alan
