Will the Bullish Flag hold or fail? Plot your targets on the chart.
Bullish continuation if preceding move was up.
Indecision. Widening then narrowing range.
Reversal pattern. Price likely to break downwards.
Traders are watching ExxonMobil (XOM) as price action tightens. With a last close of $160.69, volatility remains active (-0.06%). The primary technical feature is a Diamond formation. This setup is supported by average volume turnover. A potential breakout level is identified at $176.41, targeting $206.36 with support near $161.44 (R:R 2.0).
What is your outlook on XOM?