Trend Signal Now: Fwd: Trade Alert $XOM Breakout Multiplier

Thursday, November 21, 2024

Editor's Note: A New Breakout Multiplier Trade Alert was just put out in Exxon Mobil.

$XOM is breaking out of a 15+ year base to new all-time highs:

To get full access to details of the trade click here.

Editor's Note: This Trade Alert on $XOM was issued today to Members of Breakout Multiplier.

Here's a snippet of the Alert.

There has been some subtle strength in the energy sector since the election.

The large-cap sector SPDR $XLE is challenging the upper bounds of a massive range.

We need some exposure to traditional oil & gas, and for now, there is no better vehicle than the largest energy company in the world, Exxon Mobil $XOM.

XOM looks similar to XLE, but it is much closer to a breakout, trading just off its all-time high from last month.

Buyers are currently testing the top of the base as they work to absorb the remaining overhead supply. This type of price action often precedes a breakout as bulls build momentum for the next move up.

With volatility coming off a record compressed level, we're looking to hit a home run on a big resolution leg higher in XOM.

Here's the play:

Get the details here.

Editor's Note: This message above was just a snippet of the Email Alert that is sent to Breakout Multiplier Subscribers.

As a Member of Breakout Multiplier you can personalize your Alerts, whether you would like to receive email notifications, mobile push notification, or just access the dashboard whenever you'd like.

You even have the option to choose a combination of each of the above, or none of them at all.

Get RISK FREE access here to the current Dashboard with each of the Trades using the Breakout Multiplier System.

- JC

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