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ExxonMobil Trading Analysis (25/10/2024)

25.10.2024

Market Review

The trend is ascending. The stock is trading in the range between 365 and 135 moving averages. The downward wave structure is truncated. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals an oversold condition.

Trading idea:

Buy when the formation of the ascending wave structure begins, when the wave A breaches the sloping channel of the downtrend truncated structure.
Stop-loss at 119.00.
Price targets at 122.50 and 126.20.

#exxonmobil #stock #stocktrading #tradingstrategies #tradingmt5

Author: GC

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