We have several technical indicators in our favor to expect a bounce from Exxon .
1) Oscillator is showing the stock is oversold. The green arrows on the chart show historical periods of oversold status for Exxon Mobil . If history repeats we should see a powerful correction. Oscillator has already started curling up.
2) We have Major support lining up with a key Fibonacci Zone.
3) A has emerged
4) Will look for the to start curling up as we reach our Buy Zone(Major Support)