Exxon Mobil Corp. has broken through a line of 63.01 and suggests a possible movement to 62.14 within the next 16 hours. It has tested this line numerous times in the past, so one should probably wait for a confirmation of this breakout before placing a trade. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 2 days.
Related Posts
AMZN seems to be on its way to support – a possible opportunity?
AMZN is moving towards a support line. Because we have seen it retrace from this level in the…
NFLX reached 1185.06 after a 5.9% move spanning 3 days.
NFLX has moved lower by 5.9% from 1259.325 to 1185.06 in the last 3 days.
Resistance line breached by MSFT. This price has been tested at least twice before.
MSFT has broken through a resistance line of a Channel Down chart pattern. If this breakout holds true,…