remkade
Long

XOM Long position

NYSE:XOM   EXXON MOBIL CORP
XOM             dropped with heavy selling well below previous uptrend channel , but that petered off shortly after earnings were reported. This indicates to me that the market has priced in the disappointment and selling interest has dropped off, with a lot of profit taking happening on the green bar just before earnings .

I purchased just as it started the reversal with my stop right below the support at $85. Aiming to take profit once it tests the $95 resistance.
Trade closed: stop reached: Took too big of a loss, closed this out.
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