ExxonMobil Corporations stock (XOM) sought a bottom to bounce it higher and help it gather positive momentum, amid the dominance of the upward short-term trend, with positive support from the 50-day SMA, coupled with positive signals from the RSI after reaching oversold levels.

Therefore we expect the stock to return higher, targeting the resistance of $127.50, provided the resistance of $119.63 was reliably breached.

Trend forecast: Likely Bullish