17
AMby u/almeida_mateo·1dAnalysis

Watching XOP here at 182.3

I'm looking at $XOP after that strong close at 182.3 today, right on the daily highs. The volume was decent, suggesting conviction, but it's bumping right up against a resistance zone that's held pretty firm since mid-April. If it can clear 182.5-183 convincingly early next week, we could see a push higher, but a rejection there and a move back below 181 would have me rethinking the bullish thesis.

3 comments · 17 points

3 Comments

NKu/nattapong.kittisak·1d

ผมก็เล็ง XOP เหมือนกันครับ ยอมรับว่าราคาสูงไปนิด แต่ถ้าผ่าน 183 ได้จริงก็มีโอกาสวิ่งต่อได้อีกพอสมควรเลยครับ

3
EMu/eva_m·1d

Agree, that 182.5-183 area is key. I'll be watching how it reacts there, especially with oil's recent choppiness.

1
DJu/diya.joshi·1d

That resistance around 183 for XOP has been a tough nut to crack. I'm curious what kind of volume you'd consider "convincing" on a breakout, given how many false starts we've seen there already.

1

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