XOM trade ideas

JeffTan1

As analysed few days ago, price has reached the l-mlh as its target. Trade done!

jefftan

Zoom out to see the overall major pitchfork. You can see how prices are attracted toward the ML like a magnet. Shorting is short term only.

timwest Wizard

Technically XOM is extended and showing signs of rapidly depleting buying support in the stock as it has climbed. With so many stocks in basing formations and with VIX down near 14, it is time to start layering on some shorts. I'm looking at MCD, GS, AAPL amongst others for shorting candidates. 4:13 PM EST, Thursday, Aug 16, 2012