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XOMCL trade ideas

Exxon Mobile is Parabolic The price increase in Crude Oil and energy stocks since March 2020 could be the fastest in history. Exxon Mobile (XOM) within the prior 20 - months has risen at an angle of 77%. The most dynamic phase of XOM's 2002 to 2008 bull move occured from July 2003 to March of 2005, the angle was only 67%. The current powerful advance implies the bull market could continue for at least several months. XOM is nearing its all-time high of 104.61. If it can move above this top its possible XOM could within one year reach 150.00.
NYSE:XOMLong
by markrivest
5
Exxon has more to give? Exxon Mobile Short Term - We look to Buy at 81.80 (stop at 79.22) Preferred trade is to buy on dips. The medium term bias remains bullish. Trading has been mixed and volatile. We are assessed to be in a corrective mode lower. Our profit targets will be 87.06 and 89.10 Resistance: 90.00 / 100.00 / 110.00 Support: 82.00 / 75.00 / 70.00 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:XOMLong
by Saxo
XOM Rising Wedge + HTF 68% FIB LevelXOM is consolidating within this rising wedge that is also in confluence with the HTF 68% FIB level as a larger pullback. If price breaks down from this wedge over the next two days, you could see a large move to the downside. Can day trade part of the move or swing the entire move. STEPS FOR ENTRY: - First confirm trend change by watching for price action to cease making higher highs and double topping at 85.54 OR making a lower higher - Next wait for breakdown from wedge and break below 84.35 level to enter into puts. (Beware of pullback/retest of level before entering and use other confluence factors to give more confirmation such as volume, macd, rsi, smaller ma crossings, etc) - When entering drop to LTF on the 5min chart for a more precise entry. (Written on chart) - Once you have entered, look to take partial profits at 82.12 then full profits close to 79.29 ***** Additional confluence - Price is rejecting at the 200MA on the 30min TF and Death cross formation on the 1hr TF (50ma falling below the 200ma)
NYSE:XOMShort
by Stockstradamus_
1
XOM Rising Wedge + HTF 68% FIB LevelXOM is consolidating within this rising wedge that is also in confluence with the HTF 68% FIB level as a larger pullback. If price breaks down from this wedge over the next two days, you could see a large move to the downside. Can day trade part of the move or swing the entire move. STEPS FOR ENTRY: - First confirm trend change by watching for price action to cease making higher highs and double topping at 85.54 OR making a lower higher - Next wait for breakdown from wedge and break below 84.35 level to enter into puts. (Beware of pullback/retest of level before entering) - When entering drop to LTF on the 5min chart for a more precise entry. (Written on chart) - Once you have entered, look to take partial profits at 82.12 then full profits close to 79.29 ***** Additional confluence - Price is rejecting at the 200MA on the 30min TF and Death cross formation on the 1hr TF (50ma falling below the 200ma)
NYSE:XOMShort
by Stockstradamus_
How To Be ContrarianMy goal is to try to make traders and investor THINK DIFFERENTLY about markets. I believe as humans we seek validation, comfort in affirming our beliefs, and that manifests in the wild swings of the market when the narrative is proven wrong. Back in January 2021 I made an uncomfortable bet on Exxon NYSE:XOM . It was uncomfortable at the time because the narrative was that "dirty energy" was dead, oil was going down to $12/barrel, and EV was the future. These may very well all be true... but it was early. And in investing; being early and being wrong are often indistinguishable. At the time, Exxon was trading below book value (market cap < assets-liabilities on balance sheet), it offered a 7% dividend yield which they did not cut, and had just hit a double bottom. It was NOT obvious at the time... only in hindsight. But these are the types of contrarian trades that investors MUST look at to achieve outsized gains.
NYSE:XOM
by norok
6
XOM - Re-Testing the L-MLHXOM 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 the rules. However, using the rules is equally important. Because the rules define the framing around this tool. Otherwise it's worth nothing, or even harmful to the trader. One of the rules says, that if price is trading outside the pitchfork, it often is going to test/re-test the line where it fell/zoomed out of. In this case it's the L-MLH, the Lower-Medianline-Parallel. As we see, the first test was just a couple days ago. Now, it looks like XOM is re-testing the L-MLH again. What happens after the re-test? a) price is either strong enough to trade back into the projected pitchfork again, recapturing the previous slope/path of price. or b) price will trade to the next WL (Warning Line), going south or eating up time by trading sideways. As a firm believer in the rules of the pitchfork, I'm long this stock, playing for a re-test at the L-MLH.
NYSE:XOMLong
by Tr8dingN3rd