Didn't want to post this until it broke above the earnings date AVWAP because, according to Brian Shannon, you don't really have confirmation until you trade above it with some strength.
I'm currently long $110C for 6/16 @ 0.53
Daily annotations showing a lot of bullish signs.
- Bounce off of year-long trendline support
- Big accumulation volume at the EOM...
Am I the only one to see the bullishness of this chart?
#exxon #spx #gold #silver
notes
massive false breakout (capitulation/exhaustion)
below 5 year moving average
move back through + retest
massive false breakdown (capitulation/exhaustion)
Is this enough evidence for you?
Some paradigm shift events unfolding before the sleep crowd.
Note, energy sector provides some of the highest dividend yields.
Oh, and yes, #gold and #silver go bonkers when #Exxon breaks out versus #Spx.
XOM is currently displaying a significant key level on the weekly timeframe. Anticipating a bounce from this key level, the expectation is for the price to move towards the highs around $120. This would mark the fifth impulse within the established channel.
Looking for Xom to get back most of its spring losses this June.. via inverted H&S.
Targets are 110 or 50sma then a pullback to form right shoulder before 114 gap close
You can see the bullish divergence on your daily RSI (Double bottom)
Price might not pullback at 110, may just keep going..
After finishing March and April strong and making all time highs at 119.92, NYSE:XOM pulled back in May to a key support level around 102. With $CL_F setting up for a bullish week, and the Saudis plan to cut their OPEC+ oil supply by 1 million barrels per day, we could see gas prices rise and a potential buying opportunity in $XOM.
Technical Analysis:
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Average analyst target for Exxon s higher at $127.79. Traders who want to take advantage of this may wait to enter the trade near far value of $83.64. Oil prices hare being negatively impacted by the current economic environment and there could be some near term downside ahead of greater summer demand.
Those looking to invest should know that the longer term...
The PEAD projected a bullish outlook for NYSE:XOM after a positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 25%.
I have been watching NYSE:XOM last 2 weeks when it started to pull back from $120.
Price find support at Fibo 0.786 level and also a major SR area (blue area)
R:R is 1:3.
Double bottoms forming along an up trend line on this 4Hr chart.
I expect the bottom to act the same as the first and be rejected bullishly.
Bars pattern shows this bullishness.
Exxon Mobil began the month with a pullback, but now it’s holding a spot that’s offered support before.
The first item on today’s chart is the 200-day simple moving average (SMA). XOM bounced at this long-term trend indicator in September and March. Will buyers defend it again?
Second, you have a rising trendline along the same lows.
Next, XOM appears to have...
rising cycle 22.39%
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This data is analyzed by robots. Analyze historical trends based on The Adam Theory of Markets (20 moving averages/60 moving averages/120 moving averages/240 moving averages) and estimate the trend in the next 10 days. The white line is the robot's expected...
RSI oversold + Bouncing off a strong support
Can run till the next strong resistance of 116 117
Entry now can be good and then TP @ 116
Entry @ CMP
SL @ 96
As you can see in the chart xom Had started A massive uptrend in the last 3 years that It's over
by my point of view.
as shown in the chart last HH had a little difference with last High which show me a big signal of the end of upward trend.
Sl of this Analyze is the Last high which has been made (119.92)! In the green zone we can risk free our position by...
