Exxon Mobil Stock chart pointing Downward - 4th Profit fall 58%

Using our ART system. Red Candlestick show downtrend, short term the chart is near the resistance. Previous support is $71 level, on a downtrend, support are likely to be broken. Our Strategy is to short the weak stock following the trend with stoploss above $78.

Exxon Mobil Corp. XOM  reported on Tuesday fourth-quarter earnings that fell 58% to $2.78 billion, or 67 cents a share, from $8.84 billion, or $1.56 a share, in the same period a year ago. - Read from Marketwatch

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