Trader_Joe_Lee

XOM Weekly bullish bat pattern and 70 fig combination

Long
NYSE:XOM   Exxon Mobil
People had waited for a pulled back on the stock market for over an year and it finally came,
which make the bears enjoy some party there.

Overall, I'm still more bullish about the market but I have no intention to catch the falling knife,
so let's get back to the techniques I knew and the bottom-up strategies!

Finally there got some harmonic patterns trading opportunities on these big names,
and when it comes to fluctuation, I would like to turn to some defensive sector to participate the market in a less risky way.

A 70 fig may accumulate enough buying power itself, and it's even better with a bullish bat pattern!
I'll focus on intraday or even daily reversal sign near 70.00 to long!

Let's see how it goes!

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