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EXXON MOBIL CORPORATION

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XOM trade ideas

XOM - buy support zone with profit targets analysisHello traders, Description of the analysis: Exxon mobile (XOM) support zone ideal for timing long positions (gray). Possibly profit targets (red).Trade what you understand, trade carefully and sparingly according to the business plan. About me: Hi, my name is Jacob Kovarik and I´m trading on stock exchange since 2008. I started with a capital of 3000 USD. My first strategy was based on OTM options. (American stock index and their ETF ). I´ve learnt on my path that professional trading is based on two main fundaments which have to complement each other, to make a bussiness attitude profitable. I´ve tried a lot of techniques and many manners how to analyze the market. From basic technical analysis to fundamental analysis of single title. My analytics gradually changed into professional attitude. I work with logical advantages of stock exchange (return of value back to average, volume , expected volatility , advantage of high stop-loss, the breakdown of time in options, statistics and cosistent thorough control of risk). At the moment, my main target is ITM on SPM index. Biggest part of my current bussiness activity comes from e mini futures (NQ, ES). I´m trader of positions. I´m from Czech republic and I take care of a private fund (over $4.000.000 USD). During my career I´ve earned a lot of valuable experience, such as functionality of strategies and what is more important, control of emotions. Professional trading is, in my opinion, certain kind of mental training and if we are able to control our emotions, accomplishment will show up. I will share with you my analysis and trades on my profile. I wish to all of you successul trades. Jacob
NYSE:XOMLong
by Jacob_Kovarik
EXXON MOBIL CORPORATION From the technical point of view, XOM checking several times its' previous support area which around $41, it seems bearish market trying to push stock price further down but the bullish remaining stronger on the support level! Personally, the share price would increase over the long term future because COVID-19 vaccination positivity over shadow side. 1st target would be $44 due to next resistance level, furthmer more it would climb up to $46 and $49, however, things could get worse till its get better and this case share price would slide down to $38 and next $36. With all due respect, IMHO, I dont see the last option as scenario that likely to happen in the future! anyway, DYOR Thank you
NYSE:XOMLong
by axe.sukhbold
XOM, Massive Intertwined Head And Shoulder Formations Forming!Hello Traders Investors And Community, welcome to this analysis about the stock value EXXON and its current status on the monthly timeframe perspective, the massive formations which can be derived from it and what to expect from the stock the next times. As I pointed out in previous analysis the corona crisis has opened huge gaps in the economy where real economy struggling with setbacks in growth of economy, in this crisis there were winners which held strong and recovered healthily and there are stocks which did not manage to recover mainly to previous levels, not to mention that the crisis has caused a long-lasting set back in economic growth where the bearish market environment is still not confirmedly over, many people already called for the complete bullish continuation in the main market and major indices but this can not be considered currently one hundred percent for sure as individual stocks and main indices showing. Looking at my chart you can watch that XOM formed a huge bearish head and shoulder top formation which confirmed already in January this year before the huge corona breakdowns dragged the markets to the downside in February this year, the fact that XOM showed already bearishness before the corona breakdowns began confirmed them much more. In the last weeks, the stock is marginally recovering where it forms the right shoulder of the second and bigger head and shoulder formation you can watch marked in my chart with the grey trendline neckline. When this neckline is broken to the downside and the huge head and shoulder formation confirmed this will cause extreme bearish pressure and visit of low levels which are near to nowhere and therefore possible for consideration in the short-side when the neckline does not hold and the stock confirms it as support the bearish scenario will play out with a decisive confirmation below neckline. In comparison with the main market, major indices and single stock values this stock is definitely in a weaker state than the rest market although it is a stock within the large market-caps it can increase further bearishness, in a fundamental perspective the significant oil price crashes seen this year can also be a factor for the established breakdowns seen in this stock as it is connected to the oil industry which experienced supply and demand shocks before the oil price fell to zero. The next times will be crucial for this stock and will show if it can recover or fall below the neckline and more bearish pressure will follow. Together with this huge head and shoulder formation, the real oil price can be a source for contemplation where the journey is heading because when oil bearishness increases again this can affect also stocks in the industry, in this case, it is important to not deny the established bearish environment here in order be prepared for volatile downside movements and to realize opportunities possibly coming up on short-sides. In this manner, thank you for watching, support for more market insight and have a good day! Comfort and prosperity have never enriched the world as much as adversity has. Information provided is only educational and should not be used to take action in the markets.
NYSE:XOM
by VincePrince
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