XOM trade ideas
head and shoulders bottomTrading an Inverse Head and Shoulders Conservatively
An investor can wait for the price to close above the neckline; this is effectively waiting for confirmation that the breakout is valid. Using this strategy, an investor can enter on the first close above the neckline. Alternatively, a limit order can be placed at or just below the broken neckline, attempting to get an execution on a retrace in price. Waiting for a retrace is likely to result in less slippage; however, there is the possibility of missing the trade if a pullback does not occur.
Short to 44.00Since Jan 14th XOM has been in a bearish direction. It closed at 47.44 which is also near 61.8% fib level. My idea is that it'll drop to 44.00. 44.00 being marked out from my fib extension tool as well as where my support zone is at. After it hits that price then it can make its way back into a bullish direction for the longterm.
If you agree with my analysis please like or comment your input.
Exxon LT (February 2nd 2021)Exxon Mobil (XOM) (February 2nd 2021 through 2022)
Low: $32
High: $45
2020 Q4 announcements are in a few hours.
My assessment is as follows:
I believe the guidance could be reported as negative above all else.
I think EPS has a very slim chance to barely exceed analyst expectations of 1 cent, maybe 2 to 5 cents at the max, but I'm watching for it to end up being a really close call at around -2 or -3 cents too.
My original thought for my Cindicator forecast last night was that trading for the day could close positive but I think there's an even slimmer chance of that now that I've taken some more time to assess.
I think the current patterns could turn into a longer running contracting triangle, and it looks most like it will result in heavy bearish swings lower if it does finally break out in 2022, maybe as low as $23 to get started. I'd say its well known that oil is a dying industry and I believe it will reflect in the charts more and more as time goes on.
Thanks for tuning in :) Disclaimer, anyone in the trade needs to do their own due diligence and decide what is right for YOU. My charts can be wrong at any time and it's very important that you have your own strategies and plans in place. I run this channel for my own educational purposes of learning to trade, and I will never be 100% right, so please do not let me confirm any bias for you! (Dangerous to do so, stay safe and remember the basics & rules of risk assessment.) Expect the unexpected and happy trading!
$XOM - solid r/r into earnings. Looking for $53.89Support on volume shelf with a decent upwards channel.
backtest and resumptionContinuation of uptrend after test of previous resistance, bull ish divergence on multiple time scales
XOM Old Energy, The Transition to Clean Energy Will Take YearsOil hitting the negatives was a once in a lifetime event in my opinion. We may see it's use go down over the years but when the transition to clean energy begins, it'll take decades for the world to transition. XOM or any other company isn't going anywhere for a very long time.
XOM - EW analysis - 5th of C wave upXOM - It seems like one more high as 5th of C wave is about to start before the cycle gets finished. Buy only when start outperforming the SPX in smaller time frame.
Give thumbs up if you really like the trade idea.
XOM Q4 EREnergy sector cooling before ER season. And still bullish. Supports and resistances showed on graphic.
XOM BearishEnergy sector as a whole is getting beat up right now, and Exxon is giving bearish signals.
Negative momentum, failure to fill a gap, low volume
$XOM NEW setup$XOM has been playing nicelt according to our plan so far, now it has presented us with a new oppourtunity forming a new (POI) zone. If the price retraces back to our zone then we can look forward to go long and out next TP will be around $54 (1st TP). As always SL under the zone but make sure to leave some cushion.
Trade Safe.
Watch for the JumpI entered in a long position here at $52 for 30 contracts expiring at the end of January. Cashing out at $55 when it reaches the top of the trading range of the automatic rally.
$XOM HBD on Daily with gap to fillThere is a resistance that needs to be broken, but there is HBD on the daily. If it can break the resistance there it is likely to fill the gap around 50. Not financial advice..
Bullish on EXXON (XOM) – Target USD 45.00NYSE:XOM
- Downward trend line from August 2020 broken in October 2020
- On a weekly time frame, positivedivergence RSI/Price
- MACD showing a possible reversal, however still way below 0.00
- Target price at USD 45.00, major area of resistance in April - June 2020
What do you think?
