Exxon Mobil: ⬆️ Buy
– Exxon Mobil broke key resistance level 168.50
– Likely to rise to resistance level 175.50
Exxon Mobil recently broke above the key resistance level 168.50, which previously stopped wave (v) in the middle of August and wave 1 in the middle of September.
The breakout of the resistance level 168.50 accelerated the active short-term impulse wave iii of the impulse wave 3 from the end of September.
Given the clear daily uptrend, Exxon Mobil can be expected to rise further toward the next resistance level 175.00 – former multi-month high from the end of March, which stopped wave (A).