sorinT

What is going on with Exxon?

NYSE:XOM   EXXON MOBIL CORP
27 0 3
To me Exxon LONG-TERM chart doesn't look that friendly if you are going to be on the long side. Although it is close to a first support area and a rebound may look possible, I would still stay on the short whenever the price is going to retest the broken trendline (if it will happen).
snapshot

Looking at the shorter time-frame and we can feel some positive attitude:
After a steep decline Exxon entered in a trading range. It is nice to see accumulation/distribution line pointing north.
I do not plan to buy yet but after a breakout of the traging box, maybe I would try and look for a possible target in the 80 area.
This is not forecasting, it's just what I understand from these charts. Please let me know your thoughts.
snapshot
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out