Anbat
Long

XOM or Exxon - Bullish Rest Of Year

NYSE:XOM   EXXON MOBIL CORP
29 0 1
On XOM             weekly chart, support for three weeks was around $84.00, with last weeks PA going up to $87.28. I expect a continuation of bullish trend for remainder of 2016. This is related to price action and because it is an ENERGY stock.

Right now, my three EMA's are close together and very close to turning up with this coming week's bullish trend . In my opinion PA will go back up to at least the physiological number or price of $100.00 a share. That would be an approximately another $13.00 more run up from where price action is right now. I would on a 15 mn             time frame or higher wait for a break out of a consolation or ranging area to get in on any new bullish trades, or you could just EOY (end of year) bullish trades and take a vacation. As of now, RSI is above 50 on this chart/bullish.
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