XOM - Potential going up again
Updated
1. Fortune_TD, Fortune Banker trend :
Fortune TD 9 and Force 9 show the trend exhaustion range, the green bar shows this is a potential share pull back. .
Fortune Banker trend, green line shows the banker chips flow in, then short money cross its 5 days average, potentially an uptrend begin.
2. First Up and Retrace :
21 Mar 2022, short money trend line cross up
19 Jul 2022, short money trend line cross up
28 Sep 2022, short money trend line cross up
First up happened followed by a the retrace as indicated by TD and share pull back signal.
3. Rebound and potential developing into Main Wave:
Today short money trend line cross up again, with volume greater than the previous day.
Fortune Crown, green bar momentum showing a positive momentum, potential uptrend after retracement.
4. Summary:
Based on above analysis, there is a potential of developing into Main Wave, and risk of short term retrace, short term support level 96.
Fortune TD 9 and Force 9 show the trend exhaustion range, the green bar shows this is a potential share pull back. .
Fortune Banker trend, green line shows the banker chips flow in, then short money cross its 5 days average, potentially an uptrend begin.
2. First Up and Retrace :
21 Mar 2022, short money trend line cross up
19 Jul 2022, short money trend line cross up
28 Sep 2022, short money trend line cross up
First up happened followed by a the retrace as indicated by TD and share pull back signal.
3. Rebound and potential developing into Main Wave:
Today short money trend line cross up again, with volume greater than the previous day.
Fortune Crown, green bar momentum showing a positive momentum, potential uptrend after retracement.
4. Summary:
Based on above analysis, there is a potential of developing into Main Wave, and risk of short term retrace, short term support level 96.
Note
Fortune TD 9 on the bar 2 days ago, reduce my long positionNote
took profit, closed all Long position
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