Reasons for bullish bias: - Safe entry at breakout for confirmation - Price bounced from strong support - SL below support Entry Level (Buy Stop): 105.36 Stop Loss Level: 95.40 Take Profit Level 1: 115.32
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The logic is that price will gravitate to liquidity. Exxon Mobile seems to have an abnormal amount of liquidity sitting above all time highs. Gut says we take out those highs pretty soon. Here are some other considerations: -Exxon Mobil also currently has the highest percentage of short interest in modern history. -The company has a low valuation of 11x...
XOM is at risk of losing support here. There was hope in OIL prices spiking due to the Red Sea crisis, which is affecting shipments of oil tankers. In terms of price action, XOM is at risk of losing support at this yellow support zone. I think we could get some tricky price action with a dip below and a bullish rebound.
Title says it all, possible Higher Low being punched in on the 4h with an Inside bar candle stick con firming that sellers are exhausted and buyers may be stepping in to take back over. CALLS valid above green line, Pt white dashed lines.
Simple triple bottom pattern on XOM with macro momentum shifting back bullish after a period of consolidation before the next leg up. Profit target is the highs and runners after if you wish. 20% Stop loss 9/8 expo, after green level is broken. If stop is hit look for re-entry above green level according to 10m chart price action. Expect this play to go 50%+ but...
$XOM wedge break out, looks like it wants the bear gap on the daily If we can close the gap at the $107.78 PL we can extend to the $109 PL otherwise we double top and retest the $106.8 PL
📈 What’s up investors! 📉 Welcome back to another one of 💡 “Mike’s Ideas”. 💡 I post as I find signals… these signals are based on the personal rules I have built and follow in order to make up what I call the “SST Strategy” . Follow for more ideas in the future!! I have 4 levels marked and colour coded on the Chart. These levels are: 🔴 Red = Stop Loss 🟢...
Hello Traders, welcome to this free and educational analysis. I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities. If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below. I will personally reply to every single...
NYSE:XOM Xom is at 52W high, while oil is 30% lower, for me it's weird how the main reason for the acceleration of the XLE made the correction but XLE didn't. Waiting for XLE to go down with XOM Look at the tunnel and the Candles that cannot break, Volume decrease. I'm in Entry 114 TP1: Fib level 1 - 107 TP2: Fib Level 2 - 103 SL:121 Have fun
Exxon Mobile - 30d expiry - We look to Buy at 108.31 (stop at 105.91) There is no clear indication that the upward move is coming to an end. We are trading at overbought extremes. Levels below 109 continue to attract buyers. We look to buy dips. The move has rejected gains and is expected to disappoint buyers. The hourly chart technicals suggests further...
Xom is setting up for a big move its setting at the all time highs
Exxon Mobil Corporation ( NYSE:XOM ) Sector: Energy Minerals (Integrated Oil ) Market Capitalization: $413.096B Current Price: $99.12 Breakout price: $100.00 Buy Zone (Top/Bottom Range): $97.60-$87.90 Price Target: $105.00-$106.20 (3rd), $120.10-$121.70 (4th) Estimated Duration to Target: 26-29d (3rd), 85-91d (4th) Contract of Interest: $XOM 10/21/22 100c,...
XOM is super strong. I use my favorite tool, the pitchfork, to apply projections of price, filtering, find entries, exits etc. What many pitchfork traders don't understand is, that they can't just apply this tool to the chart. I see many doing it wrong anyways, which has to do with identifying the correct pivot/swing/pendulum swing points, and not being aware of...
I have been showing many positions with bearish direction recently. This position is meant to be a hedge to many of those, and this is one of the very few I could find that look really good bullish. So going to do the Apr 1 84/86 bull call vert. I like the trade a lot but it is mostly to offset many of the shorts I have open, so I am making this position larger...
Exxon Mobil Corporation ( NYSE:XOM ) Sector: Energy Minerals (Integrated Oil) Market Capitalization: $359.517B Current Price: $84.92 Breakout price: $83.00 (hold above) Buy Zone (Top/Bottom Range): $82.90-$77.15 Price Target: $85.00-$86.20 (Reached), $98.00-$100.00 (2nd) Estimated Duration to Target: 50-52d Contract of Interest: $XOM 6/17/22 105c Trade price as...
XOM is making Higher Highs and Higher Lows. It will move from there making new Higher Highs and Higher Lows
$XOM has been one of the hot commodity for the past the few months. gas prices keeps surging up and up due to various reasons. for now, oil started to cool down after hitting the ATH and continues trend lower below ema line for the past few days for momentum move. although its started to pulls back, there's a possibilities that it might bounce back up due to war...