Hi friends
the daily analysis shows that it will experience with a high probability an uptrend but at the same time you have to be vigilant of the change towards the opposite direction
If there were options for XOM, I would open and long straddle given the likelihood of big future volatility. There aren't, so I'm flipping the coin long on the thesis that the broader US market is in a bull.
Strength in the chart:
1. Confirmation on accumulation
2. Back to previous support
3. Testing resistance
4. Potential to move sideway before breakout
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Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own...
Xoma corp has just received some glowing recommendations, one of which is from H.C Wainwright analyst Joseph Pantginis who has a buy rating with a $30 price target. He wrote,
"We reiterate our Buy rating and $30 target. We highlight that we currently omit the 38 undisclosed partnered assets at the company, and look to provide potential contribution once...
XOMA short term bullish. Nice reversal pattern @ .62%Fibo, bullish divergence on oscillators. The huge gap is not likely to be filled soon and longer term the chart is showing bearish signs.
