ExxonMobil : ⬆️ Buy
– ExxonMobil broke the resistance zone
– Likely to rise to resistance level 160.00
ExxonMobil recently broke the resistance zone between the resistance level 150.00, resistance trendline of the daily down channel from March and the 50% Fibonacci correction of the downward impulse C from May.
The breakout of the resistance level 150.00 accelerated the active minor impulse wave 3 from the start of June.
Given the clear daily uptrend, ExxonMobil can be expected to rise further to the next resistance level 160.00 – target for the completion of the active impulse wave 3.