Zika virus going to bounce back spring/summer. Fear driven buying will send XON higher.
On weekly timeframe, a hammer candle formed @ longtime Support trendline. Nice oportunity for Long entry with small Risk. Stop under Last low.
at 23, and 20.
i'm short $xon til $24, 50% fib retrace resistances
1:7 Risk Reward - 25% potential upside
Upper channel resistance and bullish wedge indicate some kind of reversal on a 1m scale.
XON has surged and is pulling back. Potential buy point at 29.00 with a sell after 15-25% profit
I'm still leaning bearish
Potential long opportunity here if bulls can defeat the bears
Supply zone at 28.50
Downside target $18.50
This one is on the move. Trend break and volume profile is there.