Long-Term Triple-Top Formation Seen on XOM!

The weekly chart of Exxon Mobil Corp (XOM) is poised to confront a neckline at $98.31 of a major long-term triple-top formation around the $120.00 mark. Should further selling unfold and a price close materialises south of the neckline, chart pattern enthusiasts will look to apply the pattern’s profit objective (a value derived from the highest peak in the pattern to the neckline that’s extended from the breakout point).