* All of energy did well today, not just XOM * XLE up around 1.02% at present time * Unusual high volume in the premarket this morning * This got me to thinking it's being accumulated * Nothing much happened during the day, but for the power hour there are some nice confluences * Channel Break, though I would like to see more volume so monitoring some more * Bullish Inverse H&S pattern * VWAP suggests buyers are supporting stock
That's pretty much it. This has been in a heavy down trend for quite some time and is finally showing possible signs of reversal. The big question is: Is this accumulation?