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Anas_Khder
Jun 12, 2020 8:01 PM

Buy signal for EXXON MOBIL CORPORATION stock. Long

Exxon Mobil CorporationNYSE

Description

The last downtrend was breached with a rising volume, RSI gives also a positive indicator since we have now a positive diversion.
Comments
Anas_Khder
Nothing in this business is 100% guaranteed, I saw a nice positive diversion on RSI, plus beaching the last downtrend line, the last upward movement associated with a good rising volume, finally the price reflected exactly from a Daily trend line.
Alberello_Lee
Does this move at last hour really count? I ask because I see this pattern in some stocks even when the trend is down for several days/weeks, but I don't know what this mean exactly.
Can it be a move from inside the company to maintain the price at certain level?
I will find a chart to show what I mean...
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