Exxon Mobil Corp. has broken through a support line of a Rising Wedge chart pattern. If this breakout holds true, we expect the price of Exxon Mobil Corp. to test 33.66 within the next 12 hours. But don’t be so quick to trade, it has tested this line in the past, so you should probably confirm the breakout before placing any trades.
Breach of support could mean a start of a bearish trend on Exxon Mobil Corp.
