Trading ideas for EXXON MOBIL Corp. (NYSE) 08.07.20202
The support level 43.00 is holding back sellers. The descending pattern is truncated. Stochastic Oscillator signals an oversold condition, and Awesome Oscillator shows a bullish divergence.
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Trading recommendations:
Buy when an ascending 1-2-3 pattern is formed, where wave 1 breaks through the inclined channel of the descending pattern.
Stop Loss under the local minimum (43.00).
Target levels: 49.00; 54.00.
