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Xomshort

Exxon awaiting a correction?Exxon Mobile - 30d expiry - We look to Sell at 102.98 (stop at 107.07) We are trading at overbought extremes. Bearish divergence can be seen on the weekly (the chart makes a higher high while the oscillator makes a lower high), often a signal of exhausted bullish momentum, or at least a correction lower. Posted a Double Top formation on daily RSI. Price action continues to trade around the all-time highs. In our opinion this stock is overvalued. There is scope for mild buying at the open but gains should be limited. Preferred trade is to sell into rallies. Early optimism is likely to lead to gains although extended attempts higher are expected to fail. Our profit targets will be 92.72 and 88.72 Resistance: 103 / 105 / 110 Support: 100 / 97 / 93 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis , as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
NYSE:XOMShort
by Saxo
Exxon Mobil Exiting BullsMarked with momentum reversal and completion of a multimonth upgoing zigzag, this baby is poised for a drop. I believe the reversal has already occurred not too long ago. As ever, Fibs give us off the cough targets for possible exits. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Confirmation level, where relevant, is a pink dotted, finite line. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe.
NYSE:XOMShort
by Rykin_Capital
XOM to 52We have seen signs to dictate that XOM was heading to the downside and we have got just that. The initial signs of bearishness was the Weis Wave showing that less buying volume was used in its recent push towards the upwards. Now we are seeing increasing selling momentum. The greatest sign of bearishness is our EMA crossovers on the Willy showing that the dominant trend is towards the downside following the incredibly bearish signs we are seeing on the weekly showing that buying volume has decreased. Bearish Signals -Selling Momentum -Weis Wave(4h+weekly) -Willy Oscillator Price Target -52
NYSE:XOMShort
by ddcakez
XOM stock price forecast timing analysis02-Jul NYSE:XOM Price trend forecast timing analysis based on pretiming algorithm of Supply-Demand(S&D) strength. Investing position: In Falling section of high risk & low profit S&D strength Trend: In the midst of a downward trend of strong downward momentum price flow marked by temporary rises and strong falls. Today's S&D strength Flow: Supply-Demand strength has changed from a weak selling flow to a strengthening selling flow again. read more: www.pretiming.com D+1 Candlestick Color forecast: RED Candlestick %D+1 Range forecast: 0.3% (HIGH) ~ -0.1% (LOW), 0.0% (CLOSE) %AVG in case of rising: 1.1% (HIGH) ~ -0.4% (LOW), 0.6% (CLOSE) %AVG in case of falling: 0.3% (HIGH) ~ -1.2% (LOW), -0.9% (CLOSE)
NYSE:XOM
by pretiming
XOM stock price forecast timingStock investing strategies Read more: www.pretiming.com Investing position about Supply-Demand(S&D) strength: In Falling section of high risk & low profit S&D strength Trend Analysis: About to begin a rebounding trend as a downward trend gradually gives way to slowdown in falling and rises fluctuations Today's S&D strength Flow: Supply-Demand(S&D) strength flow appropriate to the current trend. D+1 Candlestick Color forecast: RED Candlestick %D+1 Range forecast: 1.0% (HIGH) ~ 0.1% (LOW), 0.2% (CLOSE) %AVG in case of rising: 1.1% (HIGH) ~ -0.4%(LOW), 0.7% (CLOSE) %AVG in case of falling: 0.2% (HIGH) ~ -1.2%(LOW), -0.9%(CLOSE) Stock Price Forecast Timing Criteria: Stock price forecast timing is analyzed based on pretiming algorithm of Supply-Demand(S&D) strength.
NYSE:XOMShort
by pretiming