Exxon: ⬆️ Buy
– Exxon broke key resistance level 155.00
– Likely to rise to resistance level 165.00
Exxon recently broke above the key resistance level 155.00 (top of the previous intermediate impulse wave (1) from the end of April).
The breakout of the resistance level 155.00 accelerated the active impulse wave (3) which started earlier from the key support level 145.00.
Given the strong daily uptrend, Exxon can be expected to rise further to the next resistance level 165.00, target price for the completion of the active impulse wave (3).