We have seen signs to dictate that XOM was heading to the downside and we have got just that. The initial signs of bearishness was the Weis Wave showing that less buying volume was used in its recent push towards the upwards. Now we are seeing increasing selling momentum. The greatest sign of bearishness is our EMA crossovers on the Willy showing that the dominant trend is towards the downside following the incredibly bearish signs we are seeing on the weekly showing that buying volume has decreased.
Bearish Signals
-Selling Momentum
-Weis Wave(4h+weekly)
-Willy Oscillator
Price Target
-52
Bearish Signals
-Selling Momentum
-Weis Wave(4h+weekly)
-Willy Oscillator
Price Target
-52