Exxon Mobil: Opportunity Knocked - Did You Answer? What's Next? (Technical Analysis)

Summary

• Lyn Alden discusses how the Energy sector is under-owned but has gradually increasing demand that is expected to push energy prices upward. Exxon Mobil Corporation will be a beneficiary of this.
• Exxon Mobil stock is in the middle of a larger rally structure, with a projected price target of as high as $140 over the next several months.
• Our Elliott Wave Theory methodology can provide guidance and risk management in trading and investing in Exxon Mobil and many others.

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By Levi at Elliott Wave Trader; Produced with Avi Gilburt.

Well, if you did answer back in January of this year, then you have outperformed the overall market as measured by the S&P 500 Index (

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in XOM over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.