Exxon Mobil is trading between the MA50 and MA200 (1d) which is approximately the 0.618 - 0.5 Fibonacci range.
Technically the most usual buy opportunity is on the 0.236 Fibonacci level.
Trading Plan:
1. Buy when the 0.236 Fibonacci level breaks.
Targets:
1. 119.00 (the High on 3 separate occasions).
Tips:
1. When the RSI (1d) is on a downtrend and reverses to...
Hello everyone,
My name is Abdessamad, and I've been posting my ideas on the stock market for a while. I've come to the conclusion that my strategy is working, with a success rate of over 70%, especially in investment and swing trades. You can find a record of my ideas in my profile.
Now, let's discuss ExxonMobil Corporation. First and foremost, as a technical...
Daily chart posted. Liquidity pool was forced into the equal highs around $120 and starting to fall right back into $110. If we don't hold this $110 level we should continue the move downward to $100 and lower. I personally noticed that December 15 $100 puts had over 20k in volume today and decided to scoop a few contracts myself. With earnings in early November,...
Electric vehicles are growing so fast that Exxon Mobil is preparing for a future when "customers don’t need that gasoline".
Exxon Mobil Corp., which operates one of the world’s biggest oil-refining networks, is trying to be more responsive to changing consumer demands as the energy transition gathers pace. The changes it’s considering include potentially...
Hello There!
Welcome to my new analysis about XOM on several timeframe perspectives. The oil market has shown up with a massive pullback to the downside since the war developments have put heavy pressure on the whole oil market and drove the supply rally within the market. Since then the market managed to recover with a substantial rally moving into new...
Entered this one on last Thursday with some $117 October calls. 1h Chart on the left got us our golden pocket entry and now we're trying to regain the uptrend. Looks like we'll get one more chance to enter under $115.35 where there is a set of very clear equal lows from where I see us bouncing to $120 sometime into next week.
NYSE:XOM Evaluating Entry Opportunities Amid Rising Oil Prices
In the realm of market analysis, it has come to attention that the price of oil has been on an upward trajectory for a sustained period. Such an environment often piques the interest of investors and traders seeking opportune moments to initiate positions. Let's delve into the factors and...
I suggested it was time to rotate away from frothy growth stocks that were pumped by the AI narrative recently, and buy into value stocks. I've discussed the bull case for India, Crude Oil, etc. at length already, and the signal from Ten Year Yields pointing for much higher rates, which together with deglobalization and various other bearish and inflationary...
Exxon Mobil in focus this week amid strength of Crude oil and increasing bullish sentiment for energy assets. Technically, it might break the 119.50 level: should this happen, bullish momentum can accelerate. The main event in focus: FED's decision and a press-conference of Jerome Powell.
Title says it all, possible Higher Low being punched in on the 4h with an Inside bar candle stick con firming that sellers are exhausted and buyers may be stepping in to take back over. CALLS valid above green line, Pt white dashed lines.
Short term bearish diamond for scalp or day traders...May take us to $113 first followed by a bounce and continuation down towards $100 psych in the coming week(s).
Educational purposes only!
I have been tracking XOM since joining the group in May. I was hopeful that XOM would present a buy opportunity at the $94 green trendline, but XOM showed a lot of bullishness at $100.
In July I decided to adjust my buy target to a $101-104 buy zone, marked by the white circle and entered into a trade there.
XOM has experienced a bullish 8-week rally and is...
XOM has shown a consolidation pattern
This chart shows the weekly candle chart of ExxonMobil's stock in the past 4 years. The graph overlays the bottom to top golden section at the beginning of 2020. As shown in the figure, ExxonMobil's stock has shown a consolidation pattern of high to strong overall after completing a small level double top at the beginning...
Simple triple bottom pattern on XOM with macro momentum shifting back bullish after a period of consolidation before the next leg up. Profit target is the highs and runners after if you wish. 20% Stop loss 9/8 expo, after green level is broken. If stop is hit look for re-entry above green level according to 10m chart price action. Expect this play to go 50%+ but...
The trajectory of NYSE:XOM reveals a parallel uptrend, mirroring the recent impressive performance of energy stocks. Currently, the energy sector exudes a distinctly bullish sentiment, underpinned by notable market trends. A bullish outlook prevails as long as NYSE:XOM maintains a position above the crucial threshold of 104, indicating a potentially promising...
