This is just a good talking point. Exxon could possibly move towards the 120$-150$ range here shortly. I'm not betting on it but let me also point out that this would be a first time ever for Exxon. I've been watch since they dipped to 35$ two years ago. If you did jump on the dip then you missed the Exxon train to make it rain.
I agree. With an all time high of $104, that is a tough resistance. The No brainer trade was back in November 2021. Now it is speculation. NYCB came into my radar today. it is near it's all time lows and pays 7% annual dividend. As a very ow risk investor, I am considering this stock. I could use some opinions, please offer yours.
m3ggriff
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@Acient1 I just took a look at the NYCB and it doesn't look like anything fun for awhile. too hard to say really without looking at the technical side...what I saw in the charts was that the Convergence and divergence lines are meeting together so when blue dips and starts to meet red that means the stock will is reversing and it looks like for the worse a little lower than the current price is now. there is a lot of potential for a upside in the future, however I don't know what their bond index looks like without logging into my brokerage account and taking a look at all the technical feedback specs. for now I would not purchase anything with that stock. also, it's facing a pattern below 200 moving days, well below so in over 200 days or more the stock has not performed well. it could take 200 more days or more to perform. what I can see that is slightly positive is that the MACD chart was close to a zero and not all the way down by -75 like Tesla.
m3ggriff
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I wish we could add outside photos like a Reddit situation on this platform. I have a interesting screenshot of my Cash App wallet where I did a 5$ experiment. Regardless of the percentage of return, I spent 5$ on stock with a dividend attached to them. One of those stocks being Exxon, I have trades with other stock inside a brokerage portfolio but I thought a penny mine game would be fun and interesting. It's like a small numbers moving large numbers game. So, my 5$ with Exxon is up 22.40% at $6.12. and I will make a dividend. I can pull out of my 5$ bet here soon and maybe make almost 2$. I wanted to make fun of crypto mining and this is the best way I can think of.
ktaba
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I wouldn’t short. Buy on every dip. The technicals don’t matter much, the fundamentals and macro environment is much stronger. This trade has so much more room to run. It’s a rookie move to short a bull run in energy hitting 52 week highs! There will be some tactical profit taking obviously, stay long though!
m3ggriff
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@ktaba, tactical profit taking is key. Especially for buying back in.