Nuff said. This descending wedge predicted a bottom in XON at $4, and now its testing the topside at $8.50. Could pull back here, but a break would be pretty bullish.
Kommentar:
XON has drifted above the falling wedge, but still has to contend with the 20day and 200day SMAs. If it stays above the wedge and surpasses those moving averages, we should see another leg higher.
