ExxonMobil (XOM) shows bullish potential toward $190–$202, with momentum favouring buyers, but breakout confirmation and

📊 ExxonMobil (XOM) | Daily Technical Analysis

ExxonMobil is showing a potentially bullish technical setup, with an inverse Head and Shoulders pattern suggesting further upside if the breakout holds.

🔹 RSI (14): 61.69, indicating positive momentum without being overbought.
🔹 Key breakout level: $171.16
🔹 Target 1: $189.98
🔹 Target 2: $201.65
🔹 Critical support: $163–$168
🔹 Risk level: A break below the right shoulder near $155 could weaken the bullish structure.

The price has moved above the planned breakout entry, so chasing the rally may offer a less attractive risk/reward ratio. A successful retest of former resistance could provide a more constructive setup.

📈 My view: Bullish, but confirmation and disciplined risk management remain essential. Earnings-related volatility and data consistency should also be considered.

What’s your outlook for XOM — continued upside or a pullback before the next move?

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