30/09/2014 23:55:33 Cookie Policy Free Membership Login

Exxon Mobil - Buy

Share On Facebook

Since the upwards breakout in early February 2014, Exxon Mobil (NYSE:XON) has assumed a bullish bias, with the probability of going further north.


The price broke out from the Trendlines, closing above the upper Trendline and trending further north. Now, it is consolidating to the downside. The price may keep on going northward, or it may get corrected towards the demand zone at 90.00 before it rallies massively. Popular stocks tend to pull back seriously during their northward journey. You shouldn’t hesitate to buy those pullbacks, especially when a bullish determination is detected. The RSI period 14 is almost crossing the level 50 to the upside: the ‘buy’ signal is still novel. The price can reach the supply zone at 100.00, breach it to the upside, and continue trading further upwards.

Conclusion: This market should be favorable to buyers. We simply need to look for a strict entry rule and follow it always. We thus do well to trade our plan and let profits take care of themselves.

This forecast is ended with the quote below:

“There’s no time to dwell on losses while actively trading. It gets you nowhere. If you want to stay ahead of the crowd, you have to actively solve your problems. You need to find new trading solutions. Guilt distracts you from working out creative solutions.” – Joe Ross

Eye-opening trading lessons: Lessons from Expert Traders

CLICK HERE TO REGISTER FOR FREE ON ADVFN, the world's leading stocks and shares information website, provides the private investor with all the latest high-tech trading tools and includes live price data streaming, stock quotes and the option to access 'Level 2' data on all of the world's key exchanges (LSE, NYSE, NASDAQ, Euronext etc).

This area of the ADVFN.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ADVFN Plc. ADVFN Plc does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ADVFN.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ADVFN.COM and is not intended to be relied upon by users in making (or refraining from making) any investment decisions.


  1. oculos da oakley masculino mercadolivre says:

    some really interesting points you have written.
    oculos da oakley masculino mercadolivre
    [url=http://www.en-equipo.org/temps_info.php?pid=522]oculos da oakley masculino mercadolivre[/url]

  2. best Nike Shox Turbo 13 tan says:

    You produced some decent points there. I looked online to the concern and discovered a lot of people is going in addition to employing your website.
    best Nike Shox Turbo 13 tan
    [url=http://www.geef.nl/list_info.php?pid=2654]best Nike Shox Turbo 13 tan[/url]

  3. MiaAirportParking says:

    The one wrote write-up is called Clarence. After
    being out of his job for years he became an auditing officer but he’s always
    wanted his own business. Nebraska is the place I’ve been residing of.
    What she really enjoys doing will be play crochet and she’s
    trying help to make it it an occupation. You can find my website here: Miami Airport Parking

    My web-site … Mia Airport Parking

  4. romeo oakley price says:

    I believe this internet site contains extremely superb composed articles posts .
    romeo oakley price

Leave A Reply

Do you want to write for our Newspaper? Get in touch: newspaper@advfn.com

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

1 site:2 140930 23:55