Stock chart patterns and technical analysis (TA) explained simply. Disclaimer: This blog and all its contents are for educational and entertainment purposes only. Do not trade or invest based on any information seen on this blog. Please read Terms of Service. The K E Stone blog sites (Keybot the Quant) are blacklisted by Google, so enjoy the ad-free experience, and only use the Donate button when supporting the sites.
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Thursday, April 28, 2011
XOM Exxon Mobil Weekly Chart Overbot Rising Wedge Negative Divergence
XOM earnings out today. This is a chart you run from, not to. Firm negative divergence now, overbot, rising wedge, XOM's best days are behind it. Targets from the two inverted H&S's, as well as the two-leg bull flag pattern since last summer, are all satisfied in this area, great place for topping action and rolling over. Daily chart agreeable to sideways to sideways down moving forward as well. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here or any links connected to this information. Consult your financial advisor before making any investment decision.
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