Exxon's Make-or-Break Moment: $123 Resistance in Focus

3 ott 2024

• The chart distinctly illustrates that the stock has been in a consolidation phase for over a year and is presently trading slightly below its resistance zone.
  
• For a potential upward movement, the price must surpass the 123 level and maintain its position above this threshold.
  
• At the same time, there is a significant likelihood that the stock price may encounter rejection once more, leading to a decline towards its trendline support level.

6 ott 2024

Trade attivo

Exxon (XOM) has achieved a significant technical breakthrough, bursting through its resistance zone at $123 and sustaining its position above the breakout level. This decisive move confirms a bullish trend continuation, setting the stage for further upside momentum.