Could Exxon Mobil, (XOM Stock) expect to rise toward its resistance level?

AAATrade Team AAATrade

Today’s instrument is Exxon Mobil, a high dividend-yield company traded on NYSE Exchange under the ticker XOM.

When we look at the XOM’s chart, we can see that after testing its support at around $89, it fell to the current price of about $87.30. Today if it manages to hold it above its support level at about $87, then we could expect it to rise towards its resistance level which is located at approximately $90 otherwise it should fall towards the level of $85.

Author

AAATrade Team

AAATrade

The AAATrade Team has extensive experience in content writing for the financial industry. Stelios Nikolaou is the lead writer of the team, he currently works at AAATrade to provide research and content writing services.

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