XOM has had a history off multi-day sell-off post earning (missing expectations) although the move towards down has always been followed after a gap down with a red daily candle. Now they missed earnings and we had a gap down but towards the end of the session we had a strong reversal into the close which turned the daily candle green. Now I’m wondering is that gonna be followed with red candles the following days (same post earring pattern sell-off) or is there any chance that after such bad earning we could see a move upward in the coming week?
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All Time Highs Or A Fed Fueled Fantasy?
XOM has had a history off multi-day sell-off post earning (missing expectations) although the move towards down has always been followed after a gap down with a red daily candle. Now they missed earnings and we had a gap down but towards the end of the session we had a strong reversal into the close which turned the daily candle green. Now I’m wondering is that gonna be followed with red candles the following days (same post earring pattern sell-off) or is there any chance that after such bad earning we could see a move upward in the coming week?
Thanks!