ExxonMobil amid negative outlook - Analysis - 14-08-2018

ExxonMobil's stock dropped 1.08% in the last session, or 0.86 points, while getting hurt by the negative Rising Wedge pattern that formed in the short term as shown in the attached chart, with negative pressure from the 50-day SMA, coupled with negative signals from the RSI, confirming the breach of the 79.45 support. 

Therefore we expect more losses for the stock, as long as it settles below 79.45, targeting the support of 76.05.