Nice technical multi-month cup and handle formation here for Exxon Mobil (XOM). Clean pattern with classic poke-through breakout and retest before pushing higher. As long as 86 holds (hypothetical stop area), this chart is looking good for more upside.
As indicated in the disclaimer below, I do not have a current position in XOM, but note that I may purchase a starter position in the next 24-48 hours.
Trade safe by having a plan, using scale, and incorporating stops. Discipline first. Have a great day.
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Exxon Mobil (XOM) stock chart as of intraday September 24, 2012. XOM technical breakout chart with support and resistance levels.
No position in any of the securities mentioned at the time of publication.
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