XOM has shown a consolidation patternXOM has shown a consolidation pattern
This chart shows the weekly candle chart of ExxonMobil's stock in the past 4 years. The graph overlays the bottom to top golden section at the beginning of 2020. As shown in the figure, ExxonMobil's stock has shown a consolidation pattern of high to strong overall after completing a small level double top at the beginning of this year! The small double top of ExxonMobil's stock at the beginning of this year was suppressed by the 3.618 level of the gold split at the bottom of the graph, and did not touch any strong support level for the low point of the pullback thereafter! So, in the future, the stock market of ExxonMobil is likely to weaken and continue to retreat towards the downside!
Exxon-mobil
Exxon Mobil Analysis 28.12.2022Hello Traders,
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You can also check out my previous analysis of this asset:
Exxon Mobil Analysis 10.12.2022Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
I will personally reply to every single comment!
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
Thank you for watching and I will see you tomorrow!
Exxon Mobil at the end of Impulse? XOMThe picture is not 100% clear, but we are query if this might be it for XOM. It is possible at this stage to have a relatively shallow pullback, to only start rising again. At this stage, it is looking quite likely that we might be meandering locally for a period of time. Markets cannot be timed.
Remember that this is not financial advice and that we are not responsible for your portfolio. Only you are. You must do your own research and remember to act in accordance to your own research. That aside, Fibonacci goals are as ever in green and invalidation is in red. Take care of yourselves out there.