ExxonMobil resumes decline - Analysis - 09-08-2019

2019-08-09 14:13:37 GMT (Economies.com)
 

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 

 
 
 
  Symbol Last Change Chg.%
1.1004
-0.0020
0.1832%
1.2842
0.0041
0.3191%
Tadawul
7932.52
-48.79
0.61%
16.980
0.178
1.058%
57.425
0.066
0.115%
62.37
0.31
0.50%
1464.550
6.270
0.430%
 
 
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