Cup and HandleI have been waiting on XOM to find a happy place. I owned it, sold it, and now miss that fat dividend. The rising wedge scared me and the sell volume bar did not help )o:
OIL was popping then it pulled back, and back. But I have a funny feeling. The good kind. Fingers are crossed.
The moving averages are where they are supposed to be. The 50 is over the 100 and the 100 is above the 200. They are all sloping upward.
The handle low can be a good source of support. If you look to the left side of the cup, there is a gap up and a gap down very close together that could be great support.
Fortune favors the brave.