sorinT

What is going on with Exxon?

NYSE:XOM   EXXON MOBIL CORP
26 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
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out