Get started
gmaster29

XOP Cup and Handle Breakout - Long Term Bullish

Long
SPDR S&P Oil & Gas Explor & Product (AMEX:XOP)  
gmaster29 Updated   
AMEX:XOP   SPDR S&P Oil & Gas Explor & Product
Cup And Handle Parallel Channel USA ETF
0
1
cupandhandle parallelchannel usa etf
In upwards parallel channel. Right now hitting resistance at 112 levels, might see some pull back for next few days testing 106 levels and 99.5 levels. But upward trends is intact, 126 , 168 levels by Feb 20202.
Comment:
Kissed the Channel upper trend line and retraced back to test the Cup and Handle breakout levels. It will try to hold this support level , failed support will take it back to test the channel lower trend line.
Trade closed: target reached:
Stock hit 167 target on Jun 2022
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.