The PEAD projected a bullish outlook for NYSE:XOM after a negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 66.67%.
Energy is the only sector with a positive return so far in August. Today’s chart focuses on Exxon Mobil, the biggest and most liquid name in the group. First consider the trendline along the highs of May 8 and July 3. XOM surged after breaking out and has now come down to hold the same line. Is old resistance becoming new support? Second, last week’s lows...
XOM is looking bullish in this area near the 200MA and other moving averages consolidating. Being cyclical this trade could make modest gains going into the colder months. October 120 calls.
Observing the one-day chart of Exxon Mobil, I’ve spotted an upward trend highlighted in yellow. Recent price action shows strength, with a bounce just before the support level. And, we’re seeing a breakout from a smaller downward channel, followed by a return to test it. The stock closed a gap at 107.73, reinforcing its upward potential. With strong momentum and...
As expected, Exxon's shares broke through the designated zone and experienced substantial growth. Currently, they are retracing back to the breached area. If this region ( 108$ ) holds, the possibility of further growth for these shares from this point will remain available
In our list, today, is Exxon's Mobil stock, as energy markets are on the move: Crude oil and natural gas are gaining momentum. That’s why the “Oil and Gas exploration” sector might be interesting right now, especially considering a rotation from tech stocks towards other sectors. A trade location around 200-day moving average and a breakout of the chart...
Double top form of ExxonMobil's stock has been completed This chart shows the weekly candle chart of ExxonMobil's stocks over the past 4 years. The graph overlays the bottom to top golden section at the beginning of 2020. As shown in the figure, the small-scale double top form of ExxonMobil's stock has been completed. Now, there is a long short competition at...
NYSE:XOM Weekly chart of NYSE:XOM is bullish. Can see new highs by end of year
Every time the price of oil goes up, there's a group of bulls that are sure they're catching the train to $150. I mean, I do think oil will go to $150, and there has to be a bottom that comes first, so there's that. But with fossil fuels and energy producers it seems the pumps are rare, the consolidations are frequent, and the dumps are more common. In two...
EXXON on the daily timeframe has been below a significant resistance level ( 108 ) for 81 days, and it's not showing signs of breaking out and growing yet. If it manages to break above this area and exhibits strong momentum, we can expect a good potential for growth.
XOM 108-110 second chance top coming, my previous analysis showed short term rallys to 108-110 should be viewed as short term sell rallys (second chance exit zones)
If you haven`t bought XOM here: Or when they made more money than God: Then analyzing the options chain and the chart patterns of XOM Exxon Mobil prior to the earnings report this week, I would consider purchasing the 105usd strike price Calls with an expiration date of 2023-8-18, for a premium of approximately $2.16. If these options prove to be profitable...
XOM: Sell the bounces at $100, $91, and $63-75 levels levels (+/- a little as I prefer to use zones). If you look at my longer-term analysis, my projection is $75.38 .618 fibonacci level, possibly seeing lower, somewhere between 63 (.786 fib level on weekly timeframe) and 75 (.618 weekly fib level) for a few days as a weekly pierce but closing out at that point...
Diagonal trading channel. Looks like an earnings miss. The Channel Down pattern is identified when there are two parallel lines, both moving down to the right across respective peaks (upper line) and bottoms (lower line). The upper line is identified first, as running along the lows: it defines the trendline. The lower line (or, the channel line) is identified...
My forcast of a top at high 105s is still in tact as we had a throw-over to 107 today. I mentioned previously a 20% chance we hit 108-111 zone temporarily but the fall is still imminent to 98 (within a week), then 85 (after a 98 bounce which could take weeks to months) intermediate term, then my longer term .681 (monthly ++ chart) forecast before XOM is a buy...
As i mentioned in my other posts, 105.50 zone was our second chance sell, triple top intraday is confirming our soon to be drop towards 100
Bought some calls here. I think is a little tight. I should have given them one more week. Hope it plays put.