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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