ExxonMobil Trading Analysis (22/06/2023)

#XOM
 

The general trend is ascending. The downward wave structure is truncated. There is bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the oversold state.
 

Trading idea:

Buy at the formation of the upward wave structure, where the A-wave breaches the sloping channel of the descending truncated wave structure.

Stop-Loss under the local minimum of the descending structure (101.40).

Target price levels: 113.20, 118.85.

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