All of the technical signals are telling us to buy XOM right now. We have a hammer pattern at the end of a down leg, there are four consecutive red candles in a row that tell us there’s a high probability of a green candle on the horizon (stale red light), and we are at a key role reversal support level that dates back to 2011. Our strategy is to buy the January leaps and hold them until our price target is reached.
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