Exxon recently reached the resistance level 102.00 that was set as the buy target in our latest report for this company. The price has been rising sharply in the last few days inside the minute subwave (iii) of the extended minor upward impulse wave 3 belonging to the longer-term intermediate impulse wave (3) from last October.
The price just reversed down from 102.00 (which earlier created the top of the minor wave impulse 1 in December). If Exxon breaks above 102.00 – it can rise to the next buy target at 104.00.
The post HY MARKETS News: Stocks Report: Exxon Mobil Corporation appeared first on | HY Markets Official blog.
Article provided by HY Markets Forex Blog
