XOM, Bullish Bat Pattern On Your MarkXOM keeps on diving after its poor 2nd quarter report, for those who have waited for a long time to buy this oil and dividend giant, I think this might be a good opportunity. Again, 74-75 will be the idea price for the Bat entry, and i believe there will be huge buy limit order size @ 75, so I'll also pay attention to any reversal sign there as a confirmation entry.Longby Trader_Joe_LeeUpdated 5
ExxonMobil long signal reached prior to earnings.Lately long side moves on 30 TF in XOM have been too aggressive to capitalize on as my signals appear too late. I have the same issue only short side on SPX and FTSE. This merely tells the trending direction of a security along with giving the probability of what direction a sustained move in a security will go. Going back to the SPX example, the short side moves are incredibly aggressive and fast and each short opportunity is immediately removed by a rush to buy more given that a lower SPX presents a good opportunity to add to a position or enter if one hasn't done so already (probably very rare). I am unsure of how long this opportunity will last or even if it will reach the 40 basis point increase I am expecting prior to earnings. Given the lack of strength in previous XOM rallies it is likely it dies out fast. A rule I have found to be important for this system is exiting prior to earnings. Some people are good at playing earnings but as there is no math involved and it's merely an emotional catalyst for stocks, I will stay away. I will post charts that will show the importance of having this principle. Longby AlexanderHamiltonUpdated 5
$XOM had a V signal yesterday, but I was too chicken to add more$XOM had a V signal yesterday, but I was too chicken to add moreLongby jayo8886
Short term corrective structure suggesting bearish continuationSellers can look for opportunities around 83.60 to get short, targeting 80.40 primarily. Breakdown of the corrective structure would suggest even more bearish pressure.Shortby Sascha_Gogolin2