ExxonMobil resumes decline - Analysis - 09-08-2019
Economies.com
2019-08-09 14:13PM UTC
ExxonMobil's stock returned lower after trying to recoup some losses and vent off oversold saturation in the RSI, while trading alongside the downward medium-term trend line, with negative pressure from the 50-day SMA.
Therefore we expect the stock to decline and target the support of 69.37, as long as the resistance of 73.38 holds on.
Expected trend for today: Bearish
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