began recovering with the rest of the market on Friday afternoon. RSI
on 1 year daily is oversold @ 35. Dividend stock (77 cents, ex-dividend date 2/12). Excellent opportunity to buy a demand area with relatively low risk. Stop loss below $73.90. I am long and will await confirmation to purchase more shares above $76.94 level in order to reach a reversal pattern on 5 minute chart removing several supply areas. With the recent volatility
in the markets, investors are fleeing to the safety and value of dividend stocks. Considering the historic low price of XOM
shares combined with this high quality, cash-rich company, a low-risk opportunity presents itself. Not to mention the current administration is pro-business and pro-energy.