EXXON MOBIL Buy opportunity lower.
Exxon Mobil is trading between the MA50 and MA200 (1d) which is approximately the 0.618 - 0.5 Fibonacci range.
Technically the most usual buy opportunity is on the 0.236 Fibonacci level.
Trading Plan:
1. Buy when the 0.236 Fibonacci level breaks.
Targets:
1. 119.00 (the High on 3 separate occasions).
Tips:
1. When the RSI (1d) is on a downtrend and reverses to cross over the MA trend line, it is an action that validates the buy. Use this as an additional tool.
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Technically the most usual buy opportunity is on the 0.236 Fibonacci level.
Trading Plan:
1. Buy when the 0.236 Fibonacci level breaks.
Targets:
1. 119.00 (the High on 3 separate occasions).
Tips:
1. When the RSI (1d) is on a downtrend and reverses to cross over the MA trend line, it is an action that validates the buy. Use this as an additional tool.
Please like, follow and comment!!
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