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XOM 2024 Resistance Levels

XOM 2024 Resistance Levels

Summary

XOM stock encountered resistance at $124/share on 4/12, which it was not able to fully break out from for the rest of the year.

After testing lows on 9/11, the stock traded in an ascending channel but unsucessfully tested prices around previous $124 resistance levels.

While the stock surpassed this level on 10/4, the rally was very brief as the stock went into a correction after testing these levels.

The last test of highs occurred on 11/22 with a gravestone doji, after which the stock declined in a very tight descending channel to close out the year.

Key Patterns

9/11 thru at least 11/21 - Ascending Channel

10/7, 11/22 - Gravestone Doji 📚

10/8 - Evening Doji Star 📚

11/22 thru at least 1/4 - Descending Channel

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