XOM has broken through a resistance line of a Falling Wedge and suggests a possible movement to 117.1482 within the next 7 hours. It has tested this line in the past, so one should probably wait for a confirmation of this breakout before taking action. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 9 days.
XOM through 115.29771428571429. Is this a confirming a breakout? Will it continue its path in the current trend toward 117.1482?
