It's nearly a month that I'm waiting for XOM to approach the lower trend line. It seems that with the recent market weakness it should happen in the next few days.

According to my chart the lower trend line should be about at 77.30. I've placed an order to buy 100 shares at 77.30 ~ not sure if it will get filled, for now the price is far. I will watch and see what happens.

If the trade doesn't open this week, I will just wait longer. I have to get away from compulsive trading. I should not be in a hurry to get into any stock. This is meant to be a quick trade to shave a dollar or two. XOM is in a downtrend and there is no sign of reversal as the price of oil is still falling.

I am currently holding three small positions: 7 AAPL, 10 BRKB, 10 WMT, which at the moment I'm planning to hold for a few months.