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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