Home Sectors Energy Chart of the Day: Can Anything Stop Hess?

Chart of the Day: Can Anything Stop Hess?

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November 7, 2022

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Energy remains the top-performing sector this year. Today we’re focusing a member of the group with potentially classic breakout behavior: Hess.

The first pattern on the oil and gas stock’s chart is the is the October 26 surge above $137. That was the previous all-time high from 2008. A move through that level suggests old resistance has lost its relevance.

Second, it just completed …

For more, please click here to view the related idea and chart analysis on TradingView.

Hess (HES), *daily chart with selected patterns and indicators, courtesy of TradingView*.

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