The breakout of Exxon Mobil Corp. through the 76.34 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, we expect the price of Exxon Mobil Corp. to test 78.53 within the next 2 days. One should always be cautious before placing a trade, wait for confirmation of the breakout before putting any money down.
After testing 76.34 numerous times, Exxon Mobil Corp. has finally broken through. Can we expect a bullish trend to follow?
