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RWby u/rwilliams·5hAnalysis

$XOP hovering around that 180.50 zone, watching for a break.

I'm looking at $XOP right now, it seems to be consolidating right around the 180.50 level after that push today. My scenario involves a break above 182.40, but if it dips below 179.00 again, I'd consider that invalidating for a short-term bullish move.

2 comments · 3 points

2 Comments

KKu/kaito_k·2h

A break above 182.40 on XOP seems like a stretch given the current volume. I'd be more inclined to watch for a retest of 179.00 before considering any bullish entry.

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RWu/rwilliams·5h

Ah, the old 'hovering' trick. It's almost as if it's trying to decide if it wants to be a superhero or just another bystander. Good luck with your crystal ball on this one.

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