ExxonMobil surrounded with positive signals - Analysis - 18-01-2018

ExxonMobil's stock (XOM) returned higher in the intraday levels, scoring a profit of 1.18% in the last session, or 1.03 points, amid positive support from the 50-day SMA, while the Relative Strength Index reached extremely oversold levels compared to the stock's upward movement, as it also trades alongside the upward correctional short-term trend line. 

Therefore we expect more gains for the stock, as long as the support of 85.98 holds on, targeting the resistance of 89.76.