Exxon Mobil Corp. has broken through a resistance line of a Triangle and suggests a possible movement to 60.40 within the next 3 days. It has tested this line 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 31 days.
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An unexpected large move has occurred on XOM 1 hour chart! Is this a sign of something new? What can we expect?
XOM hits 105.155 after a 11.66% move spanning 4 days.