Antony_NPBFX
Active Member
- Messages
- 1,243
- Joined
- Aug 2, 2016
- Messages
- 1,243
- Reaction score
- 8
- Points
- 35
ExxonMobil Corp.: technical analysis 20.09.2024
Good afternoon, dear forum visitors!
NPBFX offers the latest release of analytics on ExxonMobil Corp. for a better understanding of the current market situation and more efficient trading.
Shares of ExxonMobil Corp., an American oil company, are trading in a correction trend at 117.00.
On the daily chart, the price returned to the ascending channel of 124.00–116.00 and is moving away from the support line.
On the four-hour chart, after the quotes consolidate above the support line of the range of 116.00 and the high of 118.00, they may reach the resistance level of 123.00. After a reversal and decline, the asset will leave the channel and return to the autumn low of 108.00.
Technical indicators are holding a poor sell signal: fast EMAs on the Alligator indicator are approaching the signal line, and the AO histogram is forming new bars below the transition level.
Trading tips
Long positions may be opened after the price rises and consolidates above 117.50, with the target at 122.60. Stop loss is around 115.00. Implementation period: 7 days or more.
Short positions may be opened after the price falls and consolidates below 114.50, with the target at 108.10. Stop loss is 116.00.
Use more opportunities of the NPBFX analytical portal: E-book
If you just recently started to be interested in trading on FOREX and would like to deepen your knowledge, an electronic Beginner's Guide to FOREX Trading will be an excellent helper for you here. The book consists of 5 chapters and reflects fundamental concepts of the foreign exchange market to start successful trading. From the main chapters of the E-book you can learn about the concepts and history of FOREX, currencies and trend lines, technical indicators, types of orders, trading on news, psychology of trading, risk management and much more.
You can read a Beginner's guide to FOREX Trading online or download it free of charge from the NPBFX analytical portal in the "Education" section. In order to get unlimited access to the E-book and other useful instruments on the portal, you need to register on the NPBFX website.
If you have any questions about trading instruments, you can always ask an analyst in the online chat on the portal and get a free consultation of an experienced specialist.
Use the current recommendations of analysts on ExxonMobil Corp. and trade efficiently with NPBFX.
Good afternoon, dear forum visitors!
NPBFX offers the latest release of analytics on ExxonMobil Corp. for a better understanding of the current market situation and more efficient trading.
Shares of ExxonMobil Corp., an American oil company, are trading in a correction trend at 117.00.
On the daily chart, the price returned to the ascending channel of 124.00–116.00 and is moving away from the support line.
On the four-hour chart, after the quotes consolidate above the support line of the range of 116.00 and the high of 118.00, they may reach the resistance level of 123.00. After a reversal and decline, the asset will leave the channel and return to the autumn low of 108.00.
Technical indicators are holding a poor sell signal: fast EMAs on the Alligator indicator are approaching the signal line, and the AO histogram is forming new bars below the transition level.
Trading tips
Long positions may be opened after the price rises and consolidates above 117.50, with the target at 122.60. Stop loss is around 115.00. Implementation period: 7 days or more.
Short positions may be opened after the price falls and consolidates below 114.50, with the target at 108.10. Stop loss is 116.00.
Use more opportunities of the NPBFX analytical portal: E-book
If you just recently started to be interested in trading on FOREX and would like to deepen your knowledge, an electronic Beginner's Guide to FOREX Trading will be an excellent helper for you here. The book consists of 5 chapters and reflects fundamental concepts of the foreign exchange market to start successful trading. From the main chapters of the E-book you can learn about the concepts and history of FOREX, currencies and trend lines, technical indicators, types of orders, trading on news, psychology of trading, risk management and much more.
You can read a Beginner's guide to FOREX Trading online or download it free of charge from the NPBFX analytical portal in the "Education" section. In order to get unlimited access to the E-book and other useful instruments on the portal, you need to register on the NPBFX website.
If you have any questions about trading instruments, you can always ask an analyst in the online chat on the portal and get a free consultation of an experienced specialist.
Use the current recommendations of analysts on ExxonMobil Corp. and trade efficiently with NPBFX.