XOM had a beautiful Friday. The rev strat setup was lovely and it pushed immediately. Energy has been doing well, so I think it's still on watch. Possible corrective activity, or just a continuous push. If you can catch the bounce, trade it back into FTFC. Can play this both ways or just watch for the move.
Today i have 2 relevant price targets for your from the most prestigious analysts: The Goldman Sachs Group prediction is $83 for XOM, which is most likely (to hit the resistance level) and Bank of America which has an optimistic price target of $95. The price targets are plausible, since there is a possible disruption to European energy supplies because of Russia...
Exxon Mobil Corporation ( NYSE:XOM ) Sector: Energy Minerals (Integrated Oil) Market Capitalization: 318.703B Current Price: $75.28 Breakout price: $76.05 Buy Zone (Top/Bottom Range): $73.90-$69.90 Price Target: $85.00-$86.20 Estimated Duration to Target: 112-120d Contract of Interest: $XOM 6/17/22 75c Trade price as of publish date: $5.05/contract
XOM is testing a major resistance, and by the looks of premarket, we are pulling back slightly. My thoughts are a pullback before a break out over resistance. Look for resistance to act as support before making a trade. I'll be looking at calls if this happens. I likely won't be playing puts on this.
SNIPER STRATEGY (new version) It works ALMOST ON ANY CHART. It produces Weak, Medium and Strong signals based on consisting elements. NOT ALL TARGETS CAN BE ACHIEVED, let's make that clear. TARGETS OR ENTRY PRICES ARE STRONG SUPPORT AND RESISTANCE LEVELS. ENTRY PRICE BLACK COLOR TARGETS GREEN COLOR STOP LOSS RED COLOR DO NOT USE THIS...
SNIPER STRATEGY This magical strategy works like a clock on almost any charts Although I have to say it can’t predict pullbacks, so I do not suggest this strategy for leverage trading. It will not give you the whole wave like any other strategy out there but it will give you huge part of the wave. The best timeframe for this strategy is Daily, Weekly and Monthly...
XOM has hit its Fibonacci Support while also showing signs that a bullish squeeze may appear. There has been a reduction in selling momentum while the Willy Shows a potential EMA crossover to be had. We have weekly resistance at 62.50 which would be a great point to watch if choosing to go long on this stock. A wise decision may be to wait for bullish momentum and...
ExxonMobil (XOM),D1: Mirror support level + Bollinger bands + Spinning tops + Oversold
I honestly think these are conservative targets, XOM could touch 70-80s by August.
Exxon Mobil, monthly chart: 38 years long(!) support line + Inside Bar & Dragonfly Doji + Oversold
I have a channel drawn with an area of potential support. With a first level Crossover attempt on lower timeframe. I can't post the lower timeframe here so I will share it in the updates below. Looking to add 25% of my buy order here. 1-2% stop
XOM forecast on W1