XOP (US): Consoldiation breakout?
The large triangle pattern is about to break to the upside. It's not one of our favourite patterns and we prefer to avoid long-exposure in stocks (regardless of sector) at the moment, but for those seeking long opportunities, the energy (-related) sectors are probably best. Also, selectively (!) base metals and pm-miners offer some opportunities, but you really have to go look at an individual level.
Personally we're not playing the XOP opportunity this time.
Personally we're not playing the XOP opportunity this time.
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