The price of XOM in heading back to the support area. It is possible that it will struggle to break through it and move back in the other direction. The price may eventually break through, but typically the price retreats from the level a number of times before doing so.
Related Posts
AMZN formed a Channel Up on the 1 hour chart. Retest of support in sight.
Emerging Channel Up pattern in its final wave was identified on the AMZN 1 hour chart. After a…
Important price line being approached by META. This price has been tested numerous times before.
META is en route to a very important line that will be a definite deciding factor of what…
Important resistance line being approached by NVDA. This price has been tested numerous time in the last 56 days
NVDA is moving towards a resistance line. Because we have seen it retrace from this line before, we…