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kingjtimothy
Apr 4, 2024 10:19 PM

XOM is on a Slippery Slope Short

Exxon Mobil CorporationNYSE

Description

XOM near ATH. With Bearish Divergence on the Monthly, I’m expecting a break out and rejection. Once the shooting star candle forms on the weekly, enter below the close with a 5M time horizon. I’m eyeing the 105P or 100P for September. Judging by Volume and Open Interest, I’m expecting a large move down in conjunction of an economic event.
Comments
DIVERMAN_L
This could not be more clear
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