Multi-Timeframe Analysis:
Hourly Chart: Closing above trendless zone (Bullish)
Daily Chart: getting out of downward regression channel + Three white soldiers pattern (Bullish)
Trading volume in comparison to the last 5 days:
Weekly Chart: Bullish outside bar (Bullish)
Trading volume in comparison to the last 4 weeks: +20%
Monthly Chart: +5.63% so far, in a negative September (Bullish)
XOM/Oil: lowest in the past 18 months
Conclusion: I believe XOM could be a good investment in the next 12 weeks if we see Oil price break above 77..!
Educational Articles:
What Do Three White Soldiers Mean?
Three white soldiers is a bullish candlestick pattern that is used to predict the reversal of the current downtrend in a pricing chart. The pattern consists of three consecutive long-bodied candlesticks that open within the previous candle's real body and a close that exceeds the previous candle's high. These candlesticks should not have very long shadows and ideally open within the real body of the preceding candle in the pattern.
Educational Article:
https://www.investopedia.com/terms/t/three_white_soldiers.asp
Hourly Chart: Closing above trendless zone (Bullish)
Daily Chart: getting out of downward regression channel + Three white soldiers pattern (Bullish)
Trading volume in comparison to the last 5 days:
Weekly Chart: Bullish outside bar (Bullish)
Trading volume in comparison to the last 4 weeks: +20%
Monthly Chart: +5.63% so far, in a negative September (Bullish)
XOM/Oil: lowest in the past 18 months
Conclusion: I believe XOM could be a good investment in the next 12 weeks if we see Oil price break above 77..!
Educational Articles:
What Do Three White Soldiers Mean?
Three white soldiers is a bullish candlestick pattern that is used to predict the reversal of the current downtrend in a pricing chart. The pattern consists of three consecutive long-bodied candlesticks that open within the previous candle's real body and a close that exceeds the previous candle's high. These candlesticks should not have very long shadows and ideally open within the real body of the preceding candle in the pattern.
Educational Article:
https://www.investopedia.com/terms/t/three_white_soldiers.asp
Use the following link to access trading ideas: patreon.com/SniperTraderStocks?utm_medium=unknown&utm_source=join_link&utm_campaign=creatorshare_creator&utm_content=copyLink
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Use the following link to access trading ideas: patreon.com/SniperTraderStocks?utm_medium=unknown&utm_source=join_link&utm_campaign=creatorshare_creator&utm_content=copyLink
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.