ESSO : Still a chance of a move to 9.8 or so

On Feb 23 we said of ESSO…..” We think it will rally to 9.80, even 10 or so by the end of Q1” but the recent high was just 9.50. However there is a chance that the stock will have a go at our target range this week, with first support of substance at 8.80 or so. Entry near here with a 3-4 spread stop and a target at 9.50 and possibly to 980 or so can be considered in our view.

 

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