XOM ๐ฏ Trade Setup: Bullish TMA PullbackAsset: Exxon Mobil Corporation (XOM) ๐ข๏ธ
Strategy: Bullish Triangular Moving Average (TMA) Pullback ๐
Why This Plan?
Technical Edge: TMA signals a strong pullback within an uptrend, offering a high-reward entry zone. ๐
Fundamental Strength: XOMโs robust revenue ($340.57B in 2024, +1.16% YoY) and stable dividends ($0.99/share quarterly) support long-term value. ๐ฐ
Macro Tailwinds: Rising global oil demand (20% by 2050) and geopolitical tensions (e.g., Middle East) bolster oil prices. ๐๐ฅ
Sentiment: Retail investors are 50.76% bullish, signaling buying interest, while Fear & Greed Index at 39 (Fear) suggests potential undervaluation. ๐๐จ
๐ ๏ธ Thief Layered Entry Strategy
Entry Approach: Use multiple buy limit orders (layered entries) to capitalize on price dips. ๐ต๏ธโโ๏ธ
Suggested entry levels: $110.00, $111.00, $112.00 (adjust based on your risk tolerance).
Pro Tip: Scale entries to average into the position, or choose a single entry price based on your strategy. ๐
Stop Loss (SL): Suggested SL at $108.00 to limit downside risk. โ ๏ธ
Note: Adjust SL based on your risk management and market conditions. Trade at your own discretion! ๐
Take Profit (TP): Target strong resistance at $118.00, where overbought conditions and potential selling pressure may emerge. ๐ฏ
Note: TP is a suggestion. Secure profits based on your strategy and risk-reward goals. ๐ธ
