The Exxon Mobile Corp (XOM) daily diagram tech analysis is as following:
The XOM share price declined from $104 to Kijun Sen first (blue line) and the declined towards to KUMO cloud.
Today it breach the SPAN A and get into the KUMO for more short development.
MACD has a divergence against the share highs and it is on bullish sign. RSI is bullish too.
The thoughts are short until the price gets the $98.22 price for first target. The $98.22 is the SPAN B of KUMO (red line).
The break of 1.618 of fib forces the short scenario. Stop loss above KUMO (102.33).
The XOM share price declined from $104 to Kijun Sen first (blue line) and the declined towards to KUMO cloud.
Today it breach the SPAN A and get into the KUMO for more short development.
MACD has a divergence against the share highs and it is on bullish sign. RSI is bullish too.
The thoughts are short until the price gets the $98.22 price for first target. The $98.22 is the SPAN B of KUMO (red line).
The break of 1.618 of fib forces the short scenario. Stop loss above KUMO (102.33).
