SELL Signal on EXXON MOBILHello everyone,
My name is Abdessamad, and I've been posting my ideas on the stock market for a while. I've come to the conclusion that my strategy is working, with a success rate of over 70%, especially in investment and swing trades. You can find a record of my ideas in my profile.
Now, let's discuss ExxonMobil Corporation. First and foremost, as a technical analyst, my strategy is based on volume and price action. I've observed a significant breakout from a bearish channel with a substantial increase in trading volume. This suggests that this stock is likely to return to its initial trend level around $100.
Now, let's talk about risk management. This trade has a risk-reward ratio of over 2, meaning you stand to gain more than twice what you risk.
I hope you find my idea beneficial, and I'll be back soon with more of my analyses.