Comments on: Exxon Mobil XOM Must Stay Above Critical Support Level

By: Update on Exxon Mobil XOM Support Break Jan 28 | Penny Stock Trading System Blog

Fri, 29 Jan 2010 14:27:01 +0000

[...] back to my prior January 3rd post “Exxon-Mobil Must Stay Above Critical Support (or else)” for the prior [...]

By: EWaveEnthusiast

EWaveEnthusiast — Thu, 28 Jan 2010 20:29:10 +0000

Well, XOM is currently at 65.03, and it may be heading lower.

Is this the beginning of the end?

By: Update on Exxon Mobil XOM Support Break Jan 28 | Afraid to Trade.com Blog

Update on Exxon Mobil XOM Support Break Jan 28 | Afraid to Trade.com Blog — Thu, 28 Jan 2010 16:49:36 +0000

[...] back to my prior January 3rd post “Exxon-Mobil Must Stay Above Critical Support (or else)” for the prior [...]

By: EWaveEnthusiast

EWaveEnthusiast — Thu, 28 Jan 2010 14:29:10 +0000

Well, XOM is currently at 65.03, and it may be heading lower.

Is this the beginning of the end?

By: stotrader

stotrader — Tue, 05 Jan 2010 04:31:12 +0000

Awesome analysis. I've been stalking XOM looking for it to head lower for a while. General market euphoria kept most stocks propped up today, but we'll see what happens as we get further into 2010. I like the 40 target, especially being it's previous triple-top resistance on the monthly. Probably some hesitation around 60 as well before it can really take off.

By: Dominick

Dominick — Tue, 05 Jan 2010 02:34:21 +0000

Hello Corey. Hope you had a good New Year. This is just based on my rudimentary technical anaylsis skills but, could that be the throwback from a breakout of that apparent triangle pattern on the weekly chart?
Also, if you placed an elliot wave count over that monthly chart could that $65 range in 2009 be the bottom of wave 4 or the beginning of wave 5?
Like your said, many interpretations. Let me know if you get the chance. It is nice to know if I am on the same page as knowledgeble people like yourself. Thanks, have a good one.