The breakout of Exxon Mobil Corp. through the support line of a Descending Triangle could be a sign of the road ahead. If this breakout persists, we expect the price of Exxon Mobil Corp. to test 38.20 within the next 11 hours. One should always be cautious before placing a trade, wait for confirmation of the breakout before putting any money down.
After testing support twice in the past, Exxon Mobil Corp. has finally broken through. Can we expect a bearish trend to follow?
