ExxonMobil buoyed by current support - Analysis - 06-09-2018

ExxonMobil's stock rose in the intraday levels, supported by positive signals in the Relative Strength Index, and trespassing the resistance of the 50-day SMA, shaking off its negative pressure and scoring a 1.33% profit in the last session, or 1.07 points, while trading within a descending correctional price channel that limited recent short-term trading. 

Therefore we expect more gains for the stock, as long as it settles above 79.75, targeting the resistance of 83.79. 

Expected trend for today: Bullish