Another look at Long Idea on EXX

Price has formed a nice IHS setup here closing above the resistance level of 18400. A long position can be initiated with a ST limit of 20800. It would be prudent to observe price behavior at the 18900 level as this level has been tested previously with selloffs ensuing thereafter. ST and LT primary trends are up in this stock but as always apply your risk management and good luck out there.