ExxonMobil tries to recover some past losses - Analysis - 23-01-2017

ExxonMobil's stock rose in the intraday levels, scoring a profit of 1.37% in the last session, or 1.16 points, while attempting to recoup some past losses, and vent off the oversold saturation apparent in relative power indicators, as the stock is hurt by piercing the main upward short-term trend line as shown in the attached chart, with ongoing negative pressure from the SMA for the last 50 days period.
 
Therefore we expect the stock to return lower in the coming trading, targeting the important resistance of 82.31.