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XOM

XOM, 9/9/2020, ENERGY IS OUT? Hi, traders. My name is Lukas and I am a beginner in trading, respectively, I only trade 9 months. But that means I have to do the necessary analyzes without it I can't trade. I want to show you how I work on myself and document my beginnings. I use Vix and my strategy is built on to return to average. I highlight the important support levels and resistances that flow from the volume profile, all drawn on graph. These zones determine the ability to respond in some way to the market from 1 to 3, with 1 being the largest. Short description of analysis: We are located in a very strong support zone, which is based on the very history of price fluctuations. It also corresponds with the VIX index. The holding period is possible for a period longer than 10 months. It contains a very interesting dividend and the original price before the ronacrisis was about 70 USD. So it is rather an investment, but very logical.
NYSE:XOMLong
by Lucas_Sochulak
6
XOM - buy support zone with profit targets analysisHello traders, Description of the analysis: Exxon mobile (XOM) support zone ideal for timing long positions (gray). Possibly profit targets (red).Trade what you understand, trade carefully and sparingly according to the business plan. About me: Hi, my name is Jacob Kovarik and I´m trading on stock exchange since 2008. I started with a capital of 3000 USD. My first strategy was based on OTM options. (American stock index and their ETF ). I´ve learnt on my path that professional trading is based on two main fundaments which have to complement each other, to make a bussiness attitude profitable. I´ve tried a lot of techniques and many manners how to analyze the market. From basic technical analysis to fundamental analysis of single title. My analytics gradually changed into professional attitude. I work with logical advantages of stock exchange (return of value back to average, volume , expected volatility , advantage of high stop-loss, the breakdown of time in options, statistics and cosistent thorough control of risk). At the moment, my main target is ITM on SPM index. Biggest part of my current bussiness activity comes from e mini futures (NQ, ES). I´m trader of positions. I´m from Czech republic and I take care of a private fund (over $4.000.000 USD). During my career I´ve earned a lot of valuable experience, such as functionality of strategies and what is more important, control of emotions. Professional trading is, in my opinion, certain kind of mental training and if we are able to control our emotions, accomplishment will show up. I will share with you my analysis and trades on my profile. I wish to all of you successul trades. Jacob
NYSE:XOMLong
by Jacob_Kovarik
Crude Oil - Buying the DipsOil prices are coiling up for a move which will eventually head towards to the mid $60s for the following reasons: - Bankruptcies - DXY destruction - Demand bottoming - Chaos in the Middle East at some point Pit stops along the way are marked by the fib extension from the first impulsive move - 0.5 and 0.618 being the most significant. The simplest strategy is to assume the fib levels are to at first sell the resistance levels and then buy when it flips to support. Right now it looks like the 0.236 level is now support. Below that you have a possible floor at the macro fib level around $40 - any dips here will likely be bought up quick. Still long QM @ $42.85 Total Oil P/L: $1,930 All trades linked below.
NYMEX:CL1!Long
by ryan-snk
Crude Oil - Black GoldCommodities are rallying today as the Dollar index loses value and right on cue, oil has hit my target at $43 (the 50 week EMA) and could pullback soon. I've closed my positions for a $1,237.50 gain (entry/exit linked below) and am looking to buy dips moving forward. I believe oil is heading higher by the end of the year and the fib extensions should help map out buy/sell points and hint on the strength of the moves. That pink trend line also will likely come into play at some point. Goodluck.
NYMEX:CL1!Long
by ryan-snk
XOM, Massive Intertwined Head And Shoulder Formations Forming!Hello Traders Investors And Community, welcome to this analysis about the stock value EXXON and its current status on the monthly timeframe perspective, the massive formations which can be derived from it and what to expect from the stock the next times. As I pointed out in previous analysis the corona crisis has opened huge gaps in the economy where real economy struggling with setbacks in growth of economy, in this crisis there were winners which held strong and recovered healthily and there are stocks which did not manage to recover mainly to previous levels, not to mention that the crisis has caused a long-lasting set back in economic growth where the bearish market environment is still not confirmedly over, many people already called for the complete bullish continuation in the main market and major indices but this can not be considered currently one hundred percent for sure as individual stocks and main indices showing. Looking at my chart you can watch that XOM formed a huge bearish head and shoulder top formation which confirmed already in January this year before the huge corona breakdowns dragged the markets to the downside in February this year, the fact that XOM showed already bearishness before the corona breakdowns began confirmed them much more. In the last weeks, the stock is marginally recovering where it forms the right shoulder of the second and bigger head and shoulder formation you can watch marked in my chart with the grey trendline neckline. When this neckline is broken to the downside and the huge head and shoulder formation confirmed this will cause extreme bearish pressure and visit of low levels which are near to nowhere and therefore possible for consideration in the short-side when the neckline does not hold and the stock confirms it as support the bearish scenario will play out with a decisive confirmation below neckline. In comparison with the main market, major indices and single stock values this stock is definitely in a weaker state than the rest market although it is a stock within the large market-caps it can increase further bearishness, in a fundamental perspective the significant oil price crashes seen this year can also be a factor for the established breakdowns seen in this stock as it is connected to the oil industry which experienced supply and demand shocks before the oil price fell to zero. The next times will be crucial for this stock and will show if it can recover or fall below the neckline and more bearish pressure will follow. Together with this huge head and shoulder formation, the real oil price can be a source for contemplation where the journey is heading because when oil bearishness increases again this can affect also stocks in the industry, in this case, it is important to not deny the established bearish environment here in order be prepared for volatile downside movements and to realize opportunities possibly coming up on short-sides. In this manner, thank you for watching, support for more market insight and have a good day! Comfort and prosperity have never enriched the world as much as adversity has. Information provided is only educational and should not be used to take action in the markets.
NYSE:XOM
by VincePrince
1
Elliott Wave View: Exxon Mobil Pulling BackElliott Wave View in Exxon (ticker: XOM) shows that the stock has an incomplete bearish sequence against June 8 high. The decline from June 8 high unfolded as a zigzag Elliott Wave structure, where wave (A) ended at 44.75 low. Afterwards, the bounce in wave (B) ended at 49.8 as a zig-zag Elliott Wave Structure in lesser degree. The bounce reached the 100% extension in 3 swing at the blue box area. Up from wave (A) low, wave A ended at 47.76 high and wave B pullback ended at 47.14 low. The stock then extended higher in wave C, which ended at 49.80 high. Exxon then turned lower from the blue box area. The decline has broken below wave (A) low, confirming next leg lower in wave (C) is already in progress. Down from wave (B) high, wave 1 ended at 45.40 low. The internal subdivision of wave 1 unfolded as 5 waves impulse. Wave ((i)) ended at 47.24 low and bounce in wave ((ii)) ended at 48.75 high. The stock then resumed lower in wave ((iii)) towards 45.77 low and wave ((iv)) bounce ended at 48.20 high. Final leg wave ((v)) ended at 45.98 low, which completed wave 1. Pair then bounced in wave 2 and ended at 47.35 high. Currently, wave 3 is in progress, where wave ((i)) ended at 46.65 low and wave ((ii)) bounce ended at 47.22 high. Wave ((iii)) has resumed lower and near term, while below 49.80 high, expect bounce in 3,7, or 11 swing to fail and Exxon to extend lower again.
NYSE:XOM
by Elliottwave-Forecast
1
Elliott Wave View: Exxon Mobil Pulling BackElliott Wave View in Exxon (ticker: XOM) shows that the stock has an incomplete bearish sequence against June 8 high. The decline from June 8 high unfolded as a zigzag Elliott Wave structure, where wave (A) ended at 44.75 low. Afterwards, the bounce in wave (B) ended at 49.8 as a zig-zag Elliott Wave Structure in lesser degree. The bounce reached the 100% extension in 3 swing at the blue box area. Up from wave (A) low, wave A ended at 47.76 high and wave B pullback ended at 47.14 low. The stock then extended higher in wave C, which ended at 49.80 high. Exxon then turned lower from the blue box area. The decline has broken below wave (A) low, confirming next leg lower in wave (C) is already in progress. Down from wave (B) high, wave 1 ended at 45.40 low. The internal subdivision of wave 1 unfolded as 5 waves impulse. Wave ((i)) ended at 47.24 low and bounce in wave ((ii)) ended at 48.75 high. The stock then resumed lower in wave ((iii)) towards 45.77 low and wave ((iv)) bounce ended at 48.20 high. Final leg wave ((v)) ended at 45.98 low, which completed wave 1. Pair then bounced in wave 2 and ended at 47.35 high. Currently, wave 3 is in progress, where wave ((i)) ended at 46.65 low and wave ((ii)) bounce ended at 47.22 high. Wave ((iii)) has resumed lower and near term, while below 49.80 high, expect bounce in 3,7, or 11 swing to fail and Exxon to extend lower again.
NYSE:XOM
by Elliottwave-Forecast