Exxon Mobile The Ending diagonal is coming to an ENDI expect the pennant to break very soon. These types of structures break sharply and it's easy to miss these trades so keep an eye, thank you for your support.
XOM trade ideas
XOM Ready for the Bullish ImpulseGood morning traders, today we bring you a bullish scenario that we consider interesting in EXXON MOBIL.
🔸From a technical perspective, we can detail that the price bounced off a strong Support Zone.
🔸Then, it broke to the upside the Descending Trendline and continued its upward movement, with a marked uptrend.
🔸We see that the price began to consolidate in a corrective structure, and, if we take the upside movement that happened in the past, both corrections occurred in the same price range.
🔸A couple of days ago there was a very strong candle to the upside, which confirmed the breakout of the structure.
🔸As the previous resolution was a strong move towards the resistance zone, we expect the same behavior in the current situation.
EXXON MOBILE Wednesday, 6 January 2021
11:10 AM (WIB)
EXXON has a great possibility of rising higher in this new year 2021, following the Oil Industries that shows significantly to rise.
It already broke the descending channel and starting to rise from now on.
Best regards,
RyodaBrainless
"Live to Ride and Ride to Live"
Long on Exxon , vaccines and possible war help oil recoverWith the roll out of covid vaccines and the conflict between Iran and South Korea escalating oil will rebound nicely. If it breaks the cannel I see it jumping to 60+
$XOM Exxon Mobile On Breakout Alert
Please find the resistance and Fibonacci levels to watch on the bull run.
possible breakout soonPlease note: I'm just sharing my view. its not a recommendation for buying or selling.
Going to buy for long term investmentGoing to buy for long term investment.. just have to wait for price to come to you!
May your Christmas be filled with the true miracles .
/)\
/ ( )
/ ( (
/ |) \
/ | ( )
,=*""*=,_ | )(
/ "*, ( )
/\ ( ___ = (
( ) ." "*=, \ )
( `- ) / ,, "*=_ ;
( `-._ ) ; *@ ,, \/
(`-._ ) ; , @* ;
\ ;
\ *===* /
\__ / ", ,"
|\ | ,=* *=,
|\\| ," . . ", /\
|_C"=._,-" /" "\ \ .=""=.
( \\ / \ \ /\ /\ /\
(__)|.___.,| . . | ",| | | |
|\ | >.__,=" "=,__.<, \/ \/ \/
|\\| \ _ / "=, "=__=")
\ \/ >,_ (X) _,< "*==-==*"
(__) _=" " "=_
"" / \
/ \
, _ ,
; (X) ;
; " ;
\ /
= =
", ,"
__,- jjs -._ >=, ,=<'_.---,,___
Technical outlook: XOM bearish scenario:Technical outlook:
XOM bearish scenario:
We have technical figure Rising Wedge in US company Exxon Mobil Corporation (XOM) at daily chart. ExxonMobil is an American multinational oil and gas corporation. ExxonMobil is one of the largest of the world's Big Oil companies. The Rising Wedge has broken through the support line at 22/12/2020, if the price holds below this level we can have possible bearish price movement with forecast for the next 10 days towards 38.56 USD. Our stop loss order should be placed at 44.47 USD if we decide to enter this position.
Fundamentals:
- Louisiana Governor John Bel Edwards said Exxon Mobil Corp is considering investing more than $240 million in its 517,700-barrel-per-day (bpd) Baton Rouge, Louisiana, refinery. Exxon is contemplating several projects to increase flexibility in crude oils the refinery can process and to reduce pollution at the refinery, Edwards said in a statement
ExxonMobilExxonMobil is one of the world's largest publicly traded international oil and gas companies.
EXXON MOBIL CORPORATION Estimates DailyHey guys, EXXON MOBIL CORPORATION is in a bullish configuration with a water carrying candle with a large volume of sales traded. On the TIMEFRAME M1 we see a hammer candle shape with a large body accompanied by a large volume of sales issued, it goes towards the hat of the stabilization zone for testing. Great propability to breakout the priix at the same time the area to reach the one above and get to the next top. Not enough force to go and test the intermediate median of the ANDREWS PITCHFORK range.
Please LIKE & FOLLOW, thank you!
CVX-2.169*XOM $XOM Exxon Mobil Corp vs. $CVX Chevron CorpQuantamental Tools for Proprietary and Retail Investors.
Statistical Arbitrage Opportunities Delivered to Your Inbox.
QuantChart. io
Long 1000 $CVX
Short 2169 $XOM
Mean Reversion Time: 12 Trading Days
Waiting for a pull back - XOMExpecting more negative covid news this week pulling back XOM from it's recent rally. Will start to scale in for long term position wheeling in great dividends. Could even fall below 40 but that is unlikely imo
$XOM BullishIt did a pullback after a very strong rally. The historical S/R line and the demand zone will be our point of interest. I still think $XOM is still very bullish, today's pullback was a much needed for a healthy move up. Its better price drops now than a massive drop after a strong bullish run which would be nasty. If price falls below the invalidation line then the setup is void.
Trade Safe.
EXXON MOBIL LONG|ECONOMIC RECOVERY BET|
XOM is an oil major, and the stock fell from 70$ to 30$ as a result of the corona-crisis
That brought economic recession and a decrease in both demand and price of oil
Later, XOM established a double bottom after retesting the lows of the pandemic
And now it is surging.
I think that buying XOM is a bet on the economic recovery
Which will happen eventually
The target of 65-67$ is very realistic
As this is the minimum of what the company should be worth without outperforming
I would say, that 65$ is the price which will be achieved by just getting the demand for oil back to normal
Without any further increase in oil prices. (As there is plenty of ready to go supply, so the new demand will be covered easily and so the oil price will remain stable as the oil companies revenue will grow!
Therefore, Long XOM.
Like and subscribe to never miss a new idea!
xom just bottomed....Double bottom wicks and a monthly bullish divergence..... time to start stacking the cards until otherwise.
