Lucas_Sochulak

XOM, 9/9/2020, ENERGY IS OUT?

Long
NYSE:XOM   Exxon Mobil

Hi, traders.
My name is Lukas and I am a beginner in trading, respectively, I only trade 9 months. But that means I have to do the necessary analyzes without it I can't trade. I want to show you how I work on myself and document my beginnings. I use Vix and my strategy is built on to return to average. I highlight the important support levels and resistances that flow from the volume profile, all drawn on graph. These zones determine the ability to respond in some way to the market from 1 to 3, with 1 being the largest.

Short description of analysis:


We are located in a very strong support zone, which is based on the very history of price fluctuations. It also corresponds with the VIX index. The holding period is possible for a period longer than 10 months. It contains a very interesting dividend and the original price before the ronacrisis was about 70 USD. So it is rather an investment, but very logical.

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