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munsifk
Jan 12, 2015 6:24 PM

Exxon long on fibonacci channel Long

Exxon Mobil CorporationNYSE

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Hitting the low end of the channel, if we don't see a breakdown of support we should see a long. I know that oil has been doing badly lately, but exxon is still exxon, and investors likely realise that once oil rises again it will be back trading at a premium.
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