wackerman

wackerman

Looks to me like XOM will be returning to at least $113.50, and then $107.50 before possible correction. Share your thoughts. Not a trade idea or advice.

wackerman Updated 

Does this look like the accumulation portion of a Wyckoff cycle? Increasing highs and increasing volume...

wackerman

This is my prediction... What do you think? Increase in volume, and a bounce off the bottom of the channel. Might take a month or so, of ups and downs but I think we'll get back to $18.00+.

wackerman

hit the bottom of channel... where to next? If it closes roughly below $12.80 then we could be in a nose dive to $12.30, $11, or $8... Or will it be $16 next we or so and $18 by mid June?... I think the close will tell.