21-days ago we recommended starting accumulating shares at and around $71/72 with target price $84/$85 we are about to achieve that goal next few weeks. Congratulation! www.2waytrading.com
The just that price will hit the support next few sessions is increasing but will it hold now? We will have a new long position if price holds $72 with target price $$82.65 next 3-months. Use stop loss at $1 below the support. Join us www.2waytrading.com
Oil has had a nice bounce, but the stock could go either way. I'm looking to wait until theres a break and then come in.
Hmm. Who is going to benefit the most from oil prices going up? Maybe the biggest integrated and hedged oil company in the business? You betcha. I bought calls on XOM at the 72.50 strike 3 trading days ago and got in with a $73 price entry. I'm planning to ride XOM up until it hits resistance at 1 of my two target points highlighted in green. I have...
Oil is in the process of squeezing which will create a relief rally that is much needed. XOM is rejecting the $70 range. I got long on Wednesday at around $72 with monthly XOM calls at 72.50 strike. I am planning on holding through next week and taking profit after tech earnings. Ryan
From weekly perspective, it looks the best in the troubled big companies and if you are not in next drop could be the last trip to the South before it turns around n heads to North $84 where it lost long fought line. Real-time Alerts www.2waytrading.com
Appears that the rally that has occurred over the last couple of weeks is running out of steam and that the trend has resumed to the downside. May go back to the lows of $74 during January
Broke Daily trend line to the downside, at the moment price is retesting and could potentially retrace to previous lower pivot. For tighter stop, the high of today can be used. Note that the gap fill to the downside 77.70 could be a stalling area.
As you can see there's a head and shoulders on EXXON MOBIL CORP. The rejection level is around 82.42, and the objective is around 70.79. The primary objective is 73.67.
RSI giving a higher low, risk to reward warrants a look to long here back into the monthly cloud. Great longer term entry and relative strength to XLE.
Exxon is in a complex situation - but overall risk is still to the downside at the moment. On long term basis, XOM fell out of 1st standard deviation from 5-year mean (at 76 now), but is still holding within 1st standard deviation from 10-year mean (although, below the mean itself) Thus XOM is on risk of decline there at least to 65 - which is the lower 1st...
If XOM opens above 88.53 consider using the Retest Gap strategy. To learn to trade this strategy and more go to www.RealLifeTrading.com
XOM is on watch due to the fact that several indicators are not in sync. Volume has moved out dramatically since August 2014. Since then, there have been a few attempts at the end of 2014 and since mid March 2015 to find a bottom (despite decent earnings). Though MACD is bullish, the last week has met some resistance since MACD has started tapering again and may...