SPDR S&P Oil & Gas Explor & Product
Long
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XOP Long

107
-72 Week Symmetrical triangle
-2 Week congestion at potential breakout zone which would clear previous peak at the beginning of the year
-200 Weekly SMA just above @ 40.80
-Bollinger bands squeezing on the daily

30 basis points of risk planned, am a buyer above $40
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Note
Buy stop order in place @ 40.40 with a stop @ 38.76
Transaction en cours
The entry isn't pretty coming into the close.
snapshot
Note
I have a feeling I am trapped...
Note
Within ticks of beening stopped out before turning around to the upsode
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Testing weekly 200SMA
snapshot
Note
On a monthly scale, the implications for a large, sustained move look promising especially with good stopping volume
snapshot
Note
Stop moved 39.36
Note
Stop @ 40.40 (break even)

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