XOP Cup and Handle Breakout - Long Term Bullish
In upwards parallel channel. Right now hitting resistance at 112 levels, might see some pull back for next few days testing 106 levels and 99.5 levels. But upward trends is intact, 126 , 168 levels by Feb 20202.
Note
Kissed the Channel upper trend line and retraced back to test the Cup and Handle breakout levels. It will try to hold this support level , failed support will take it back to test the channel lower trend line.Trade closed: target reached
Stock hit 167 target on Jun 2022
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