$XOM At Risk of Losing Support at Yellow Support ZoneXOM 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.
Xomstock
XOM Triple BottomSimple 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 nothing in the market is ever 100%.
Double top form of ExxonMobil's stock has been completedDouble top form of ExxonMobil's stock has been completed
This chart shows the weekly candle chart of ExxonMobil's stocks over the past 4 years. The graph overlays the bottom to top golden section at the beginning of 2020. As shown in the figure, the small-scale double top form of ExxonMobil's stock has been completed. Now, there is a long short competition at the bottom of the figure against the 3.000 and 3.272 positions in the golden section, and it is likely to break down in the future! For a period of time to come, just use the long start level of ExxonMobil's stock in late March this year at $99.63 as the long short divide!
XOM - Price Targets & Stop Loss📈 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
🟢 Green = 1.2:1 Risk Reward Ratio
🟡 Yellow = 1.5:1 Risk Reward Ratio
🔵 Blue = 2:1 Risk Reward Ratio
👀 So what are we looking at today…!!!
🚨 ( XOM ) Exxon Mobil Corporation 🚨
Explores for and produces crude oil and natural gas in the United States and internationally. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, natural gas, petroleum products, petrochemicals, and other specialty products; manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals; and captures and stores carbon, hydrogen, and biofuels. As of December 31, 2021, it had approximately 20,528 net operated wells with proved reserves. The company was founded in 1870 and is headquartered in Irving, Texas.
XOM Exxon Mobil | Joe Biden: 'Exxon Made More Money Than God'Want to play the earnings of the company that makes more money than God himself? :)
If you haven`t bought my last call, at $75:
than you should know that before he see this Double Top Bearish chart pattern fulfill, there is still some upside left for XOM.
Looking at the XOM Exxon Mobil options chain, i would buy the $110 strike price Calls with
2022-12-16 expiration date for about
$4.00 premium.
Looking forward to read your opinion about it.