Trading Idea for Exxon Mobil Corp. (NYSE)
#XOM
The overall trend is upward. The stock is trading in the range of 365 and 135 moving averages. The support level is being formed. Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator signals oversold conditions.
Trading idea:
Buy when an ascending pattern 1-2-3 is formed, where wave 1 breaks through the inclined channel of the descending pattern.
Stop Loss under the local minimum.
Target: 62.64.
