We are close of the important high 88$. The latest time we are testing it thrice and can`t move up. I can see that in the stock have not a shorts traders, and maybe it again give a down move to 83-84$. If we are move above 88$, it can be very good long trade. Now my target 84$.
Exxon-Mobil is stuck between a major top and a major bottom. Strong buyers accumulated shares under the $62 level and motivated sellers distributed shares above $78. There was a 30% return for those buyers in a very short period of time and it would seem that was a very solid rate of return. Those buyers are likely to put this trade back on at gently higher...