View: slopechart_XOP.jpg
slopechart_XOP.jpg
XOP would appear bullish, were it not for the formation of a bearish rising wedge, coupled with a good level of resistance directly overhead, which resistance level falls short of a previous high in Jan 2021, which level falls short of a high in Apr 2019, which falls short of one in Oct 2018, which altogether points to XOP being prone to the downside.
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I meant, Jan 2020 high. 1/20/21