Chartology: Exxon Mobil (XOM) Classic Breakout

Stock Charts, See It Market, seeitmarketNice 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, stock breakout

Exxon Mobil (XOM) stock chart as of intraday September 24, 2012. XOM technical breakout chart with support and resistance levels.


Twitter:  @andrewnyquist and @seeitmarket     Facebook:  See It Market

No position in any of the securities mentioned at the time of publication.

Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of his employer or any other person or entity.