XOM has been in a range between (116-120) and (97-100) since Oct 2022.
There is a level around 103 that has been an S/R level since Nov 2023.
Currently, Price has not sustained over 103 since Dec '23 shown on the weekly chart.
Price action is forming a wedge leading to a potential breakout at 103.
Plan would be to target the upper range by May '24. Dividend is 3.5%.
Could be a chance to diversify from S&P500 in 2024.
There is a level around 103 that has been an S/R level since Nov 2023.
Currently, Price has not sustained over 103 since Dec '23 shown on the weekly chart.
Price action is forming a wedge leading to a potential breakout at 103.
Plan would be to target the upper range by May '24. Dividend is 3.5%.
Could be a chance to diversify from S&P500 in 2024.
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Waiting for a better entry with price action