ABC and target is D/Possible pull back..
ABC targets are often calculated using the length of the AB leg and fib levels. As a rule, stop goes under C for this pattern or last pivot low..A can not be below B..
XOM looks to be forming a CUP, but I can not find a handle yet. The one I see is below mid cup of 43.28 which would invalidate the pattern..Sometimes the...
Oil companies have been hit hardest by the drop in oil price in the first quarter of 2020. Since then, oil has been rapidly recovering. Locally, Exxon Mobil has followed the same trend.
Exxon Mobil Corp (XOM) is moving in a large downtrend channel. We are below the middle line of this channel. If we break it, it will reach the upper resistance line.
Best regards EXCAVO
At the start of the year with EV on everyone's lips I wanted to be contrarian. What is the sector that is MOST HATED in the market? Energy... specifically "dirty" energy. NYSE:XOM at the very start of the year was trading below Book Value. Through all of these price shocks to oil and a bearish energy market they have not ceased or cut their dividends. Even...
I apologize for the lack luster chart, Im new to publishing and just wanted this idea out there.
4-month long cup, bottom @ $31 , 1-month long handle @$44.50 = PT of $57 (38,2 FR) , $52 would also be a good exit (50% FR)
The usual way to define exit with CH is to find the difference between the bottom of the cup and the start of the handle. In this case its...
Good morning traders, today we bring you a bullish scenario that we consider interesting in EXXON MOBIL.
🔸From a technical perspective, we can detail that the price bounced off a strong Support Zone.
🔸Then, it broke to the upside the Descending Trendline and continued its upward movement, with a marked uptrend.
🔸We see that the price began to consolidate in a...
Wednesday, 6 January 2021
11:10 AM (WIB)
EXXON has a great possibility of rising higher in this new year 2021, following the Oil Industries that shows significantly to rise.
It already broke the descending channel and starting to rise from now on.
"Live to Ride and Ride to Live"