ExxonMobil surrounded with positive signals - Analysis - 27-06-2018

Economies.com
2018-06-27 13:20PM UTC

ExxonMobil's stock (XOM) returned higher in the intraday levels, scoring a profit of 1.13% in the last session, or 0.90 points, after leaning on the support of the 50-day SMA, coinciding with leaning on the upward correctional short-term trend line, while a positive divergence forms in the Stochastic indicator as shown below the attached chart. 

 

Therefore we expect more gains for the stock, targeting the resistance of 83.87, as long as the support of 80.01 holds on. 

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