ThinkingAntsOk

XOM Ready for the Bullish Impulse

Long
NYSE:XOM   EXXON MOBIL CORPORATION
Good morning traders, today we bring you a bullish scenario that we consider interesting in EXXON MOBIL .

🔸From a technical perspective, we can detail that the price bounced off a strong Support Zone .

🔸Then, it broke to the upside the Descending Trendline and continued its upward movement, with a marked uptrend.

🔸We see that the price began to consolidate in a corrective structure, and, if we take the upside movement that happened in the past, both corrections occurred in the same price range.

🔸A couple of days ago there was a very strong candle to the upside, which confirmed the breakout of the structure.

🔸As the previous resolution was a strong move towards the resistance zone , we expect the same behavior in the current situation.
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Comments

my analysis of the same chart
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@abel11, nice short term view abel!
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