Exxon Mobil at 2014 Low Support Level

By | December 13, 2014

Exxon Mobil (XOM) shares are testing their 2014 lows. Last month a large cup and handle pattern formed on the daily chart and it looked like the stock was poised for a big move higher. That proved not to be the case, the rim line was never penetrated and the stock price collapsed along with the rest of the energy sector. The $82.50 to $80.00 area is the next zone of support.

43. xom charts

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