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EXXON MOBIL CORPORATIONEXXON MOBIL CORPORATIONEXXON MOBIL CORPORATION

EXXON MOBIL CORPORATION

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XOM trade ideas

Elliott Wave View: Exxon Mobil Pulling BackElliott Wave View in Exxon (ticker: XOM) shows that the stock has an incomplete bearish sequence against June 8 high. The decline from June 8 high unfolded as a zigzag Elliott Wave structure, where wave (A) ended at 44.75 low. Afterwards, the bounce in wave (B) ended at 49.8 as a zig-zag Elliott Wave Structure in lesser degree. The bounce reached the 100% extension in 3 swing at the blue box area. Up from wave (A) low, wave A ended at 47.76 high and wave B pullback ended at 47.14 low. The stock then extended higher in wave C, which ended at 49.80 high. Exxon then turned lower from the blue box area. The decline has broken below wave (A) low, confirming next leg lower in wave (C) is already in progress. Down from wave (B) high, wave 1 ended at 45.40 low. The internal subdivision of wave 1 unfolded as 5 waves impulse. Wave ((i)) ended at 47.24 low and bounce in wave ((ii)) ended at 48.75 high. The stock then resumed lower in wave ((iii)) towards 45.77 low and wave ((iv)) bounce ended at 48.20 high. Final leg wave ((v)) ended at 45.98 low, which completed wave 1. Pair then bounced in wave 2 and ended at 47.35 high. Currently, wave 3 is in progress, where wave ((i)) ended at 46.65 low and wave ((ii)) bounce ended at 47.22 high. Wave ((iii)) has resumed lower and near term, while below 49.80 high, expect bounce in 3,7, or 11 swing to fail and Exxon to extend lower again.
NYSE:XOM
by Elliottwave-Forecast
1
Elliott Wave View: Exxon Mobil Pulling BackElliott Wave View in Exxon (ticker: XOM) shows that the stock has an incomplete bearish sequence against June 8 high. The decline from June 8 high unfolded as a zigzag Elliott Wave structure, where wave (A) ended at 44.75 low. Afterwards, the bounce in wave (B) ended at 49.8 as a zig-zag Elliott Wave Structure in lesser degree. The bounce reached the 100% extension in 3 swing at the blue box area. Up from wave (A) low, wave A ended at 47.76 high and wave B pullback ended at 47.14 low. The stock then extended higher in wave C, which ended at 49.80 high. Exxon then turned lower from the blue box area. The decline has broken below wave (A) low, confirming next leg lower in wave (C) is already in progress. Down from wave (B) high, wave 1 ended at 45.40 low. The internal subdivision of wave 1 unfolded as 5 waves impulse. Wave ((i)) ended at 47.24 low and bounce in wave ((ii)) ended at 48.75 high. The stock then resumed lower in wave ((iii)) towards 45.77 low and wave ((iv)) bounce ended at 48.20 high. Final leg wave ((v)) ended at 45.98 low, which completed wave 1. Pair then bounced in wave 2 and ended at 47.35 high. Currently, wave 3 is in progress, where wave ((i)) ended at 46.65 low and wave ((ii)) bounce ended at 47.22 high. Wave ((iii)) has resumed lower and near term, while below 49.80 high, expect bounce in 3,7, or 11 swing to fail and Exxon to extend lower again.
NYSE:XOM
by Elliottwave-Forecast
XOM Analysis (1Hr Chart)Daily - Bullish Channel - Break of Decreasing Daily Volume w/ A 2.5x Volume Candle on Friday June 19th - Increased Volume Candle Could be a Reversal Point 1Hr - Island Top Reversal into a Symmetrical Triangle - Bearish Momentum, but Again Looking for a Reversal from Big Volume Candle on Friday Prediction - A Reversal to Begin and Break Out of the Symmetrical Triangle w/ A Tight Stop Loss and Strong Potential Upside - 1st Price Target: 54.98 - 2nd Price Target: 61.90
NYSE:XOMLong
by HMartin02
XOM Long but not for longNYSE:XOM The post Corona-Crash regression is approaching the downward dip trend of past year. The intersection will coincide with the earnings so at the earnings we could see a break downwards. But until then we might see 1 or 2 tests of the 54.20 resistance. Depending on market conditions. 54.20 was also the max of the dead cat bounce during the crash and is also close to the level of the shoulder of the last peak of Jun 20. (this is merely a guess, it is not financial advice, etc...)
NYSE:XOMLong
by pmp1337
2