The breakout of Exxon Mobil Corp. through the resistance line of a Channel Down could be a sign of the road ahead. If this breakout persists, we expect the price of Exxon Mobil Corp. to test 48.60 within the next 3 days. One should always be cautious before placing a trade, wait for confirmation of the breakout before putting any money down.
After testing resistance twice in the past, Exxon Mobil Corp. has finally broken through. Can we expect a bullish trend to follow?
