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vf_investment
Feb 20, 2024 3:45 PM

XOM inverted head and shoulders  Long

Exxon Mobil CorporationNYSE

Description

Hi traders!
On the chart we can see inverted head and shoulders pattern. Currently the price is retesting the neckline. We expecting the price will break the resistance. The long position can bee taken once we get a successful break of the neckline.
The technical target for this formation is at 113$ .
Stop loss should be placed below the right shoulder.

Trade closed: target reached

finished
Comments
Xanrox
Definitely a strong bullish pattern. I agree with your opinion on XOM.
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