The Idea is to hold - wait the end of the bearish trend before going long.
The breakout of the Trendline gives a signal of strength, but it is still to early to go long.
Exxon Mobil (XOM) – Exxon lost 18 cents per share for the third quarter, smaller than the 25 cents a share loss that analysts were expecting. Revenue came in above analysts’ forecasts. Exxon is also planning smaller capital expenditures for 2021, to $16 billion to $19 billion, from $23 billion this year.
The breakout of the Trendline gives a signal of strength, but it is still to early to go long.
Exxon Mobil (XOM) – Exxon lost 18 cents per share for the third quarter, smaller than the 25 cents a share loss that analysts were expecting. Revenue came in above analysts’ forecasts. Exxon is also planning smaller capital expenditures for 2021, to $16 billion to $19 billion, from $23 billion this year.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.