XOM - Bump and Run Confirmed Long

NYSE:XOM1W

Exxon Mobil CorporationNYSE

Description

⋅ Oct 29, 2021 3:51 PM

XOM weekly shows Bmp and Run pattern confirmed. Good buy-and-hold opportunity here. Target $90

Comment

⋅ Nov 1, 2021 2:03 PM

*BUMP and run pattern. Sorry, it was a spelling error.

Trade active

⋅ Nov 1, 2021 2:13 PM

Trend Analysis Chart Patterns

Comments

Noctua-6

⋅ Oct 31, 2021 3:18 AM

What is a BMP and Run pattern? Thanks.

sats2140

⋅ Nov 1, 2021 2:13 PM

@Noctua-6, Hi it's "bump and run" pattern. It was a spelling error. It's a pattern where the price has a big move down (bump) then it "runs". The bullish case would be a big price down followed by a rally (run). XOM is showing a bullish bump and run pattern.

Noctua-6

⋅ Nov 1, 2021 3:54 PM

@sats2140, Excellent. I understand. Looks like the big market opening this morning supports your thesis. Thanks again.

Best regards, Noctua-6