Exxon Mobil Corp. has broken through a support line of a Rising Wedge chart pattern. If this breakout holds true, we may see the price of Exxon Mobil Corp. testing 62.60 within the next 2 days. But don’t be so quick to trade, it has tested this line in the past, so you should confirm the breakout before taking any action.
Breach of support could mean a start of a bearish trend on Exxon Mobil Corp.
