ExxonMobils stock price (XOM) kept rising in latest intraday trading, buoyed by positive signals from the Stochastic despite reaching overbought levels, while benefiting from positive momentum after shaking off negative pressure from the 50-day SMA, with the dominance of the upward correctional wave in the short term.
Therefore we expect more gains for the price, provided the resistance of $110.59 is breached, targeting the next one at $115.45.
Todays price forecast: Bullish