There are worse bets to make than XOM to ~$122.25. It has passed a few significant external peaks and is on it's way through the last peak from Feb.
If it manages this $122.25 could be in the cards. A swift pass through $122.25 would make the probability of $131.26 higher as well.
On XOM as you see on the chart we have the breakout of support line and vwap so it's mean that we will have a big probability to have a downtrend.Thanks!
Exxon🛢️ has nice upside here according to Time@Mode which makes me think it could beat expectations and shoot up and trend steadily for some time.
The company reports earnings this Friday, and is expected to post a $2.606 profit per share, and $85.648 billion dollars of revenue.
Valuation highlights:
Price to Book ratio of 2.46
Price to Free cash flow...
As Crude Oil continues to run, we could see NYSE:XOM test all time highs again. NYSE:XOM has continued to consolidate above the gap in the bull flag shown from last week. $CL_F is setting up for a balanced week, and may fill a gap to the downside. We can look to play NYSE:XOM for options plays. As NYSE:XOM had yet another balanced week, our price targets...
Exxon Mobil (XOM) cycle from 3.20.2023 low is in progress as a 5 waves impulse Elliott Wave structure. Up from 3.20.2023 low, wave (1) ended at 107.35 and pullback in wave 2 ended at 100.68 as the 1 hour chart below shows. Up from there, wave 1 ended at 110.17 and wave 2 ended at 109.05. Wave 3 ended at 114.64, wave 4 ended at 112.20. Final wave 5 ended at 116.85...
XOM has been ranging for a few weeks now, Getting back towards the HKEX:114 lows and it looks like that we have taken some liquidity and tested demand. Ideally, I'd grab a position from this demand zone but we will see what tomorrow brings us. Definitely wouldn't fight that HKEX:117 top and should be used as a target or potential short.
XOM Valuation : Present Value of Future Earnings
Using my formulas from Peter Lynch and Warren Buffett to analyze the business behind a stock.
Imagine owning all of a company, not just a slice. Would you just look at dojis? or Would earnings and cash flow matter more?
how do you measure future earnings and compare to todays prices. What the return in the...
Trying to redeem myself from earlier this week and being wrong on XOM. Currently have supply right around $116.85 but we did close a candle above the high signifying a potential upside move. However, it looks we are taking sell side liqiduity in this supply zone and should have enough momentum to take us down to $114 and possibly the low at $113.
This is a chart I am watching with high interest. I use XOM quite often as a hedge to my tech heavy portfolio. Between gold and XOM calls I can utilize these calls as hedges to the overall SPY and NASDAQ.
With this pennant structure forming and demand under $116, I think we get a pullback into the demand zone sometime tomorrow upcoming days to push us to $118+.
$XOM wedge break out, looks like it wants the bear gap on the daily
If we can close the gap at the $107.78 PL we can extend to the $109 PL otherwise we double top and retest the $106.8 PL
Exxon Mobil is one of the world’s largest and most successful companies. Its operations alone produce more income than the GDP of various small countries.
The company has a pipeline of key projects in the Permian – the most prolific basin in the United States – and offshore Guyana. In the Permian, ExxonMobil has an inventory of more than 8,000 well locations,...
Last Friday Exxon (XOM) achieved an all-time high.
This was on the back of their latest full year earnings, which handily beat analysts estimates.
If recession fears continue to dominate and actually result in a economic downturn, XOM may become an institutional sell candidate
Consider:
1) shares are at the top of an ascending channel in place since June...
