candlestickninja

XOM Update

Short
NYSE:XOM   Exxon Mobil
Don't get it twisted this submarine is going to scrape the floors in the near future. Remember, we have a transition (substitution effect) off of oil to electric, even with their soon-to-be 4.9 billion dollar purchase (which poses it's own risks), so thouugh it's a long term mitigating factor, the stock has risen from 28 in early 2021, lol when you realize or don't allow your cognitive bias of anchoring interrupt your thought, you see why the 62-65% level will be seen.

tagging as short for my timeframe sentiment though my pop is short term bullish (but i would not touch it on buy side unless it was weekly calls)

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