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themarketzone
Apr 12, 2024 3:03 PM

This is the price zone you want to watch  

Exxon Mobil CorporationNYSE

Description

XOM price is stretched.
The stock price recently broke all-time highs
RSI signals that it is overbought.
With geopolitical tension rising, it is risking to short the energy sector, but if you are looking to short XOM pay attention the weekly structure I marked on the chart.
A close below this structure could signal a weekly false breakout and trigger shorts.
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