Bearish trend with vwap as a resistance
Keep your trading simple Bullish Swing Long T1 = minimum risk reward 1:1 I always leave 1/3 of my position for long term gains - moving my stop to my entry if I need to give room for the volatility or using trailing stop for maximum gains. Not a financial advise - trade smart trade safe. Follow me to support my work, Thanks!
Keep your trading simple Bullish Swing Long Entry after the 50MA, Smaller position then usual because of the volatility and big price swings. T1 = minimum risk reward 1:1 I always leave 1/3 of my position for long term gains - moving my stop to my entry if I need to give room for the volatility or using trailing stop for maximum gains. Not a financial advise -...
Exxon Mobil Corp (XOM) 1H chart study
Pre oil deal/no-deal set up. Swing high horizontal + bottom of the channel diagonal supports held well on Friday. Tonight's decision might define not only $XOM's near-term fate but the direction of the broad market. Stocks follow oil.
These are Generational Lows... Great Yield!
Collect dividends while you wait for a return to the mid channel which I am predicting to be in August.
If holds below can't rule out a trip down to ~17 ...
Key things to take away from this: Fed cut rates to 0%. Trump's positive talk with interest rate cut on Sunday was not enough to pump the stocks. TD9 is still giving a bear market state. Day traders can sell any selling opportunities if they think the bear is on. Take it easy team. See you on the next one. ~Bo Bugra
First we suffer from a crazy economic crash for the next couple years and then wars will break out causing oil prices to go ballistic (ding ding ding). Just putting this out there - doesn't mean I 100% believe it will do this. As of now, due to crazy events like Coronavirus / OPEC / Saudi influence, things are not moving rationally.
There signal that Intel Corp will full down cuz the red candle hit the line with force **Disclaimer** the content on this analysis is subject to change at any time without notice and is provided for the sole purpose of assisting traders to make independent investment decisions.
"Oil prices plunged to one-year lows, with WTI back below $50 for the first time since Jan 2019 as global demand concerns trumped OPEC+ jawboning that they could do something to stall the decline." Due to weak oil demand from china with the aftereffect of the corona virus. We could see oil go down further as this is just the beginning of the outbreak. Opec said...
Elliott wave view in Exxon Mobil (ticker: XOM) suggests that the sequence from April 23, 2019 high (not visible in the short term chart below) is incomplete. Medium term downside target for the stock is 100% – 123.6% Fibonacci extension from April 23, 2019 high which comes at 52 – 56.1. XOM thus remains favored to the downside and rally should fail in 3, 7, or 11...
XOM just had a disappointing earning report and Goldman downgraded it, with such a weak oil price.. There are many facts for this oil giant to drop, showing terrible relative weakness in a bull market like 2019. Still, I'm willing to look for chances for some position in this name as a buy-low opportunity, the important spot will be around 56, to see if there...
Confirm a break in the long term uptrend. What price would you suggest an entry? Personally I am looking at 45.5 range.
$XOM Exxon Mobil Corporation is expected to report earnings on 01/31/2020 before market open. Possible spring before earnings?