XOM price is stretched.
The stock price recently broke all-time highs
RSI signals that it is overbought.
With geopolitical tension rising, it is risking to short the energy sector, but if you are looking to short XOM pay attention the weekly structure I marked on the chart.
A close below this structure could signal a weekly false breakout and trigger shorts.
The stock price recently broke all-time highs
RSI signals that it is overbought.
With geopolitical tension rising, it is risking to short the energy sector, but if you are looking to short XOM pay attention the weekly structure I marked on the chart.
A close below this structure could signal a weekly false breakout and trigger shorts.