Buy signal for EXXON MOBIL CORPORATION stock.The last downtrend was breached with a rising volume, RSI gives also a positive indicator since we have now a positive diversion.
XOM trade ideas
XOM calls low risk high reward?$XOM is even cheaper now. If the market wasn't getting spooked it might be rallying. Could take advantage of the opportunity to scoop up cheap $XOM calls, which would allow you to have a defined max loss and could have really high upside. Currently sitting this one off due to my rule not to enter too many positions at once, but I like the risk/reward here...
sell signal for EXXON MOBIL CORPORATION StockStill the price on the way to close the price gap at $49.5, the selling volume is good, also the RSI still negative.
Sell signal for EXXON MOBIL CORPORATION StockSelling this Stock can be continuing until filling the price gap last week, RSI showing also diversion and bellow 50.
XOM about to Break OutXOM is forming Triangle awaiting breakout..
Disclaimer: Not an advice to Buy or Sell
Price above MA 50 and MA 100Price above MA 50 and MA 100, Resistance at 47.68 has been broken. Good to long at market with an initial target @ 59.00
Cancel trade if price closes below 47.00
Elliott Wave View: Further Strength in Exxon MobilExxon Mobil (ticker: XOM) shows an incomplete bullish sequence from 3.23.2020 low favoring more upside. Short term, the rally from 5.15.2020 low is unfolding as a 5 waves Impulse Elliott Wave structure. Up from 5.15.2020 low, wave 1 ended at 46.63 and wave 2 dips ended at 43.3. Wave 3 is now in progress as another impulse in lesser degree. Up from wave 2 low at 43.3, wave ((i)) ended at 47.14 and pullback in wave ((ii)) ended at 44.37.
Up from there, the stock rallies and ended wave (i) at 45.97 and dips to 44.80 ended wave (ii). Wave (iii) ended at 49.40 and pullback in wave (iv) ended at 48.16. While above there, and more importantly above 44.37, expect the stock to resume higher in wave wave (v). This move also ends wave ((iii)) in higher degree, then it should pullback in wave ((iv)) and then resumes higher again. The stock should see a few more highs to complete 5 waves up from 5.15.2020 low.
Short term, XOM still needs to break above 49.40 to avoid a double correction. Short Term target higher is 61.8 – 76.4 Fibonacci extension from 3.23.2020 low which comes at 51.9 – 54.7 area. Stock eventually has scope to reach 100% – 123.6% Fibonacci extension from 3.23.2020 low which comes at 59.17 – 63.65.
$XOM short term SHORT$XLE energy sector recovered 50%
off their recent lows...
expect retracement from current levels.
the hardest to hit the floor,
immediately ricochet the highest up;
2-3 wk PT ~$40 $XOM
EXXON MOBILEXOM
XOM is starting a Bull´s Way.
Go in with care, but surely you will earn great %.
Some values for historical objetives.
See what happen, fundamentals say that is undervalued, so might go up.
Bullish and LONG!
See you later!
XOMAnticipate XOM to head to 63 as first target, then 70 area.
Entry: current area
SL: 40
TP1: 63
TP2: 70
Exxon Mobil - XOM - Technical AnalysisNYSE:XOM
Prices are still moving sideways - it seems that there is a possibility to go short for a short term investment, if the top resistance line will not be broken.
In conclusion hold before sell for a short term investment and hold before buying for a long term investment.
Adding Some Exxon (XOM)I have a channel drawn with an area of potential support.
With a first level Crossover attempt on lower timeframe.
I can't post the lower timeframe here so I will share it in the updates below.
Looking to add 25% of my buy order here.
1-2% stop
Exxon time to Exxit?1. Broke Trendline
2. Multiple higher high attempt in Price action but fails and now we can see a lower low
3. RSI decreasing with RSI over bought a week a go
4. EMAs crossing over with the price action breaking through the EMAs.
** Fundamentals play strongly in pulling the trigger as we foresee weak oil prices remaining depressed for a while.
Exxon Mobil ($XOM) - Breakout with RetestExxon Mobil broke it's uptrend trend-line late last week. Today we saw a retest of the broken trend-line with reasonable rejection and notable volume near the highs. I'll be looking to target the 39.3 area.
LONG XOMKeep your trading simple
Bullish Swing Long
T1 = minimum risk reward 1:1
I always leave 1/3 of my position for long term gains - moving my stop to my entry if I need to give room for the volatility or using trailing stop for maximum gains.
Not a financial advise - trade smart trade safe.
Follow me to support my work, Thanks!
LONG: EXXON MOBIL CORP. (Petroleum, Oil, Gas)• Ref. the effects of COVID-19 and the OPEC (& Russian) trade disputes fuling the fall of Oil prices.
• The FIA halting all motorsport events until JUL 2020 (Austrian Grand Prix).
• EXXON MOBIL have a sponsorship deal with Aston Martin Red Bull Racing (Formula1 team)
~ Aston Martin Lagonda Global Holdings plc. IPO in Feb 2019
• After the effects covid start to leave the spotlight, we may see the price of petroleum rise and companies such as XOM begin to operate at higher capacities.
LONG TERM TRADE -- Optimum target: ~ March/April 2021
