Exxon MobilLong
Xom at the support level
Updated
I believe XOM is at the support level and since it is at the lowest Se/Oil price ratio Buying at 77-78 has a very good R/R.
Entry: 77-78
Stop loss: 74
Reward/Risk: 5
Target range: 93- 95
Time Frame: 6 wks
Possible gain:22.5 %
Possible loss: 4.5%
Position size: 5-10 % of trading capital
You can see the most important support(green line) and resistance (red line) levels.
Best,
Dr. Moshkelgosha M.D
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
Entry: 77-78
Stop loss: 74
Reward/Risk: 5
Target range: 93- 95
Time Frame: 6 wks
Possible gain:22.5 %
Possible loss: 4.5%
Position size: 5-10 % of trading capital
You can see the most important support(green line) and resistance (red line) levels.
Best,
Dr. Moshkelgosha M.D
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
Note
closing position at 81.5 is recommended
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