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Wait for a correction to sell #Exxon .

Wait for a correction to sell #Exxon . | 26 April 2019

 #Apple weekly

Wait for a correction to sell #Exxon .

Technical observation

On the weekly chart above, #Apple shares are increasing in value towards a resistance zone 207.82-204.26, I expect a rejection of this movement within the above mentioned zone for a possible rally to the lower side. Remain flat temporarily and wait for the pullback to 207.82-204.26 and a rejection within it to sell these shares with your take profit at 147.91 and stop loss at 219.62, in case this take profit is hit and there’s a clear break below it with a big red candle, wait for a correction to the just broken line and a rejection at it before you continue short with this commodity towards the supportive level marked at 93.01.

Trade recommendation

Remain flat temporarily.

#Ebay weekly

Wait for a correction to sell #Exxon .

Technical observation

The commodity on the weekly chart above is trading on an increasing bearish momentum between a resistance zone 44.42-43.05 and a support level 33.00, I expect either a rise to 44.42-43.05 followed by a rejection within it to sell this commodity with my take profit at 33.00 and stop loss at 47.95, or a decline to 33.00 followed by a clear breakout below it and a correction to it for bearish movement towards the key level 22.30. Remain flat and wait for either a correction to 44.42-43.05 to sell #Ebay shares, or a clear penetration below 33.00 followed by a correction and a rejection at it to sell these shares with your take profit at 22.30 and stop loss at 36.39.

Trade recommendation

Remain flat.

#Exxon weekly

Wait for a correction to sell #Exxon .

Technical observation

#Exxon is retracing to a resistance zone 84.27-83.35, I expect a bounce within the zone for a surge to the lower side to 72.47.Should there be a break below the level 72.47 then more bearish rally can be anticipated. My advice, wait for the correction to 84.27-83.35, and a rejection within it to sell #Exxon with your take profit at 62.47 and stop loss at 87.59.Should there be no rejection within 84.27-83.35 but a clear breach above it with a big green candle,an increase in value of this company’s shares can be expected.Right now as long as it is contained below the zone 84.27-83.35, only short positions look ideal and may be recommended.

Trade recommendation

Wait for a correction to 84.27-83.35 to sell #Exxon .

Imelda Maseno
Analyst of «FreshForex» company
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