Harami Cross for Exxon Mobil

27 June 2022 362
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As expected, Exxon Mobil managed to update the all-time high above 104.7, after which the price moved to a corrective decline. However, the correction escalated into a precipitous decline that exceeded 20% at the June 23 low.

 

Probably, the "bears" overdid it a little: oil prices remain high, and Exxon Mobil is justified in being closer to the highs. After the formation of the "harami cross" on the chart, a new wave of growth may start. The gap formed on June 15-16 at the level of 93.3 can be singled out as a target.

This content is for informational purposes only and is not intended to be investing advice.

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