Get started
EXXON MOBIL DRNEXXON MOBIL DRNEXXON MOBIL DRN

EXXON MOBIL DRN

No trades
See on Supercharts
Overview Financials News
Ideas
Discussions Technicals Seasonals Bonds

EXXO34 trade ideas

Exxon Mobil Testing Support Level as Oil Fell Last WeekExxon's stock price fell sharply last week as global market equities saw big sell-offs. During this time, oil price fell as much as 6%. This lead the stock price to test to the first major support level of the bullish channel trend. Trade Step-ups: Scenario One (Bullish Reversal): Price rejects a bearish breakout from the trend that span back to February. Nevertheless, it is entirely possible for price to test the next support level at around 79.00. Scenario Two (Bearish Breakout): Price falls below channel trend, look for consolidation below 78.00.
NYSE:XOMLong
by EmpowerTrader
Puts on/Short XOM Into EarningsChart scale is normal and candles are three day XOM has been in a massive triangle formation pattern for years now and just this week it looked like it was about to break out to the upside, before it ultimately failed and the market rejected the breakout. XOM has been one of the weaker stocks in the energy sector and with higher interest rates, falling oil prices and rising steel costs, the energy sector has three major headwinds against it for the short term at least. My inclination is to buy some at the money puts expiring the week earnings are released. It is possible but I doubt XOM will go down all the way to the lower bound trendline of the triangle before earnings, so the day before earnings are released you can either close the trade, roll it down (and out) or turn it into a put spread by selling a downside put to take advantage of the heightened implied volatility, depending on your convictions on how XOM will react to the earnings release of course.
NYSE:XOMShort
by johnthe5