Slope of Hope Blog Posts

Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.

Exxon Mobil (by Piker Trader)

By -

XOM has formed a triangle inside its range or bullish rectangle over the last two months.  This is some serious consolidation after a move upwards off the October lows. Both the Range or the Bullish rectangle and the triangle are consider bullish continuation patterns.  That is that they are formed by consolidation of price after trending in an upwards direction.  When the stock breaks these patterns it begins its upwards climb again.