ExxonMobil climbs in safe zone - Analysis - 22-05-2018

ExxonMobil's stock (XOM) rose in the intraday levels, scoring a profit of 1.21% in the last session, or 0.98 points, amid positive support from the 50-day SMA, while the stock settles above the support of 81.09, represents the ratio 38.2% of Fibonacci retracement levels for a descending wave in the medium term (from 95.55 to 72.16). 

Therefore we expect more gains for the stock, targeting the next resistance of 83.85, which represents the ratio 50% of the same retracement levels, as long as the support of 81.09 holds on.