Hello Traders Investors And Community, welcome to this analysis about the stock value EXXON and its current status on the monthly timeframe perspective, the massive formations which can be derived from it and what to expect from the stock the next times. As I pointed out in previous analysis the corona crisis has opened huge gaps in the economy where real economy...
Coming into a resistance area I expect to hold (42.50-43.70) for a pullback. Could be a large one in August which is also when seasonality flips $USO $XLE $XOM $CVX $XOP $GUSH $DRIP $SPY #Oil #CrudeOil #OOTT 🛢️
The 4HR 200SMA is looking interesting as it's squeezing in on the price. Watching for a possible bullish retrace back near the .382 fibonacci re-tracement level around $45.45
Exxon Mobil, monthly chart: 38 years long(!) support line + Inside Bar & Dragonfly Doji + Oversold
Oil is full of surprises so preparation is key. Demand at risk however, bankruptcies/production cuts, among other things are pushing prices up. Keeping an eye on a potential wedge forming up to $43.30 (the 50 Week EMA). If this is confirmed and it breaks up, then the fib extensions are valid as well as a possible squeeze up to the 200 Week EMA. Failure at this...
Elliott Wave View in Exxon (ticker: XOM) shows that the stock has an incomplete bearish sequence against June 8 high. The decline from June 8 high unfolded as a zigzag Elliott Wave structure, where wave (A) ended at 44.75 low. Afterwards, the bounce in wave (B) ended at 49.8 as a zig-zag Elliott Wave Structure in lesser degree. The bounce reached the 100%...
Elliott Wave View in Exxon (ticker: XOM) shows that the stock has an incomplete bearish sequence against June 8 high. The decline from June 8 high unfolded as a zigzag Elliott Wave structure, where wave (A) ended at 44.75 low. Afterwards, the bounce in wave (B) ended at 49.8 as a zig-zag Elliott Wave Structure in lesser degree. The bounce reached the 100%...
TP1 + TP2 as previous years support
XOM EXXON ENTRY = Breakout Above resistance at the 236@ 47.73 1st Target = Gap fill 50.60 2nd Target = 58.63 HODL Target = 618@ 76+ ________________________________________________ This content is for informational and educational purposes only. This is not in any way, shape or form financial or trading advice. Good luck, happy trading and stay chill, 2degreez
$XOM is even cheaper now. If the market wasn't getting spooked it might be rallying. Could take advantage of the opportunity to scoop up cheap $XOM calls, which would allow you to have a defined max loss and could have really high upside. Currently sitting this one off due to my rule not to enter too many positions at once, but I like the risk/reward here...
Exxon Mobil (ticker: XOM) shows an incomplete bullish sequence from 3.23.2020 low favoring more upside. Short term, the rally from 5.15.2020 low is unfolding as a 5 waves Impulse Elliott Wave structure. Up from 5.15.2020 low, wave 1 ended at 46.63 and wave 2 dips ended at 43.3. Wave 3 is now in progress as another impulse in lesser degree. Up from wave 2 low at...
follow along ill link an oil and spx chart that this trade idea came from
XOM XOM is starting a Bull´s Way. Go in with care, but surely you will earn great %. Some values for historical objetives. See what happen, fundamentals say that is undervalued, so might go up. Bullish and LONG! See you later!
Anticipate XOM to head to 63 as first target, then 70 area. Entry: current area SL: 40 TP1: 63 TP2: 70
NYSE:XOM Prices are still moving sideways - it seems that there is a possibility to go short for a short term investment, if the top resistance line will not be broken. In conclusion hold before sell for a short term investment and hold before buying for a long term investment.
I have a channel drawn with an area of potential support. With a first level Crossover attempt on lower timeframe. I can't post the lower timeframe here so I will share it in the updates below. Looking to add 25% of my buy order here. 1-2% stop