Great Entry on XOM
XOM has hit its Fibonacci Support while also showing signs that a bullish squeeze may appear. There has been a reduction in selling momentum while the Willy Shows a potential EMA crossover to be had. We have weekly resistance at 62.50 which would be a great point to watch if choosing to go long on this stock. A wise decision may be to wait for bullish momentum and for an ema crossover to officially occur to make sure this isn't a false signal.
Bullish Signals
-Potential EMA crossover
-Squeeze indicator
-Fibonacci Support
Weekly Resistance
-62.50
Bullish Signals
-Potential EMA crossover
-Squeeze indicator
-Fibonacci Support
Weekly Resistance
-62.50
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