XOP to **pop** lol
I think putting it in within such a 'channel', make sense. (It trades along with this "trend" (line, on top, since 2020), which is has never succeeded to break, yet). Expect it to follow this pattern in future (copy/paste the trend line). Follow the long averages.
(The bottom of channel is "bottom" of 2020 crash; and end of the initial "reflation trade" rally). Am not a professional, but you could use the both "trends"(lines) and use them as cycle indicators (overbought/oversold; bellow or above); It's currently "oversold", which, "may", appear on the longterm picture ahead.
//Maybe it will sell at the 2019 key level first.
//Hope it reaches the target by september or october. lfg
(The bottom of channel is "bottom" of 2020 crash; and end of the initial "reflation trade" rally). Am not a professional, but you could use the both "trends"(lines) and use them as cycle indicators (overbought/oversold; bellow or above); It's currently "oversold", which, "may", appear on the longterm picture ahead.
//Maybe it will sell at the 2019 key level first.
//Hope it reaches the target by september or october. lfg
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