XOM is in a consolidation as oil commodity prices are rising. This offers incentives for pro traders to enter ahead of any HFT activity. The bottom has some buybacks in the candlestick structure as well. The goal is to generate speculation among the retail crowd.
For the last 3 years Exxon has been stuck in this channel and has failed on 4 attempts to break out. Earnings are approaching on the 4/30/19 and we expect a positive result but will not be rushing into the name quite yet, given historical data we will wait for a break from channel before looking going long or a rejection at top of channel for a short. Our bias is...
1. Exxon Mobil recently bounced back from a 30 year low - indicating we have seen the bottom so the stock is relatively cheap compared to its all time high.
2. Exxon Mobil plan to push hard in the U.S. onshore market. With a goal of 55 rigs from 48 by the end of 2019 - this is a very large number especially as smaller drillers are actually reducing their number...
Illuminati strategy for finding LT investments.
Strong Fundaments = Yes
Long Term Consolidation = Yes
Dividend goes up when price goes down = Yes
OIL IS A NON-RENEWABLE RESOURCE.
LT TREND AND PRICE TARGET:
Do you sell early if the price target is reached before 260 YES!!!!! THEN ITS PROBABLY A GROWTH STOCK
$XOM C&H Breakout / Golden Cross. Looking for a close above $82.00 for confirmation. Note upcoming ER late April.
See chart for possible near term targets.
Note: Informational, not investment advice.
I only follow two Indicators RSI and CCI on Weekly TimeFrame.
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Dividend Capture strategy for easy cash flow on XOM
Exxon Mobil pays .82 per share quarterly and the ex-dividend date is this Friday (2/8/2019) the dividend pay date is on 3/11/19. So yearly Will get $3.28 (.82x4)for a dividend yield of 4.4% not bad.
But by selling the ATM Put for $1.02 I will increase the premium plus dividend paid for the year to $4.30...
Elliott Wave view in Exxon Mobil (ticker: XOM) suggests that the rally from December 26, 2018 low ($64.65) is unfolding as Elliott Wave zigzag. The first leg of the zigzag ended at $73.33 on January 18, 2019 high as wave A. A zigzag is a 5-3-5 structure and wave A should unfold in 5 waves in impulse or diagonal. We can see in the chart below that wave ((iii)) of A...
Exxon Mobil Corporation is engaged in energy business. The Company is engaged in the exploration, production, transportation and sale of crude oil and natural gas, and the manufacture, transportation and sale of petroleum products. The Company also manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and a range of specialty products. The Company's segments include Upstream, Downstream, Chemical, and Corporate and Financing. The Upstream segment operates to explore for and produce crude oil and natural gas. The Downstream operates to manufacture and sell petroleum products. The Chemical segment operates to manufacture and sell petrochemicals. The Company has exploration and development activities in projects located in the United States, Canada/South America, Europe, Africa, Asia and Australia/Oceania.
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XOM
