January 8, 2012

Exxon Mobil Chart Analysis

  • There is negative divergence. Good resistance levels and Bearish candlestick patterns. But it will be safe to short only on a close below 20 Day SMA.
  • Stock will be weak below 85 levels. But positional shorts will be safe on  close below 20 Day SMA.
  • Trading above 86 will favor bulls to continue the current up move towards 88 - 89 levels.
  • MSFT WEEKEND UPDATE

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