EXXON MOBIL: This strong rally won't end any time soon.

210
Exxon Mobil is about to turn overbought on its 1D technical outlook (RSI = 67.390, MACD = 2.260, ADX = 52.087) as for the 4th straigh week it is posting gains. This rally started on the first week of March when the stock almost touched the bottom of the 2 year Channel Up. This is a similar bullish wave to the one that started after the January 2024 bottom, which eventually reached the 1.236 Fibonacci extension. Aim for a bit under the top of the Channel Up (TP = 128.00.

See how our prior idea has worked out:

EXXON MOBIL: Strong buy at the bottom of a 1 year Rectangle.


## If you like our free content follow our profile to get more daily ideas. ##

## Comments and likes are greatly appreciated. ##

Declinazione di responsabilità

Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.