Short Term Trading Week Starting: 30 Jan, page-287

  1. 630 Posts.
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    CXO bumping up against the ceiling of its ascending triangle again. It broke out on volume with the last announcement but was met with supply, probably leftovers from the CR finally getting a chance to get out at break-even or a small profit. Will be looking for more volume to come in from here but less than the previous breakout, indicating less selling pressure. Multiple higher lows, TA looking good and FA looking excellent when comparing MC to peers.

    CXO Daily - 01-02-17.png
 
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