ExxonMobil leans on SMA support - Analysis - 12-11-2019

Economies.com
2019-11-12 13:56PM UTC

ExxonMobil's stock kept falling while trading alongside the downward correctional trend line, with negative signals from the RSI after reaching overbought levels, leaning on the 50-day SMA support. 

 

Therefore we expect more losses for the stock, targeting the pivotal support of 66.50. 

 

Expected trend for today: Bearish  

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