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EXXON MOBIL CORPORATIONEXXON MOBIL CORPORATIONEXXON MOBIL CORPORATION

EXXON MOBIL CORPORATION

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XOM trade ideas

XOM, a decade low with a bullish gartleyXOM just had a disappointing earning report and Goldman downgraded it, with such a weak oil price.. There are many facts for this oil giant to drop, showing terrible relative weakness in a bull market like 2019. Still, I'm willing to look for chances for some position in this name as a buy-low opportunity, the important spot will be around 56, to see if there are any kind of reversal sign for me to long. A bullish gartley that took 10 years to form!? I'll be interested in it carefully yo. Let's see how it goes!
NYSE:XOMLong
by Trader_Joe_Lee
3
XOM – Flat Bottom Wedge – Watching For BreakoutPer request from someone. I am overall neutral here, but see bullish potential either February (price breakout of wedge) or October (pattern close to complete). Trade Entry Stop $69.70 – which is 10WeekMA. Exit - $74 or see how price reacts getting towards resistance of wedge. Chart Details Bullish flat bottom wedge pattern. Gaps to fill up to $84. Watch RSI breaking trend (below 50). Price is above 10WeekMA and has Bullish EMA Cross, but looks fragile. I see the price going up short term to retest the resistance. Then going back into wedge, possibly retesting the $67 low. My opinion - This could be due to Iran conflict. Initial response will be spike in price. USA can produce for cheaper than importing, so once Permian basin cranks up production publicly price will drop again with cheaper US oil. It may take a month for the US to restart heavier production once oil prices go up. If I were a US oil producer, I would wait for price to go up from conflict BEFORE increasing production. More money. About Me Thank you for liking, commenting, throwing up a chart, following, or viewing. I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts. Website will be ready for launch mid-January 2020. Thank you for your patience while I try to juggle everything and maintain the same standards. Disclosure - I am long BTCUSD, GBTC. Short term GDX Bullish, SPXS Bullish, CRWD Bullish short term.
NYSE:XOM
by MoneyPatterns
Time to get in to OIL and energy sectorThis is just one of major oil companies which is undervalued. But The whole energy and oil/gas sector both mid cap and large cap are underperforming for the past years. Time to get long in to that. Technicals of this specific company: a simple break out. Political situation: Oil is emotional /political risk asset and now we have major escalation with US/IRAN and Oil fields in mid east are at major risk. Also US oil production showed weakness in recent months, further decreasing the supply.
NYSE:XOMLong
by tylenisbobas
Exxon Mobil (XOM)This stock has an high dividend yeld of 5.00% and regualr growth in the payout. In 2020, we look for a partial profit recovery on the strength of higher oil price and production. Oil prices in recent years have been capped by the flood of production from shale reservoirs, but following a meeting in Vienna, OPEC said the producer group would reduce supplies by an additional 500,000 barrels per day, bringing the total cuts to 1.7 million barrels daily. Total debt: 40 Bil. Total annual profit: 20 Bil. (2018)
NYSE:XOMLong
by mgiuliani
1
XOM: Long oil stocks now...I think we have many interesting companies that show big accumulation bases that can rally nicely with oil during and after January 2020. $XOM is one of them, risk is a $3 drop from here, to make it to the target on chart at least, but could be twice as big of a rally in this timeframe too. Over time, there's a chance of a monthly basing pattern to confirm a trend, which would align with what I see in $USOIL. Big speculative trends are about to get in motion during 2020, I think many will be related to $USOIL rallying, like solar names, $TSLA and other EV related stocks (battery tech and materials, etc) and Emerging market stocks like $ARGT, $EEM, $EWZ, Singapore, Vietnam, and individual names in energy with solid charts and valuations. Best of luck, Ivan Labrie.
NYSE:XOMLong
by IvanLabrie
4 Decade Bull Market came to END in 2019!No matter how i look at this Quarterly Chart. The more i realized the days of EXXON MOBILE are over, or at least they have peaked they Market Cap. We will have great ABC correction here, that will probably called BOOMERs take profit or something lol. Use fibs for price references, this is not about get reach quick. This is about some serious LONG Bear position! I am going to see how to pull that off, lol, maybe a really deep and long put somewhere. Good Luck Everyone! **LEGENDS** BLUE = Bear/Resistance Yellow = Bull/ Support Vertical Lines: Fractal dates are moments of interest, where price and time collide to create oscillation. ~Explore the chart for possible scenarios of price actions - use zoom and scroll for better view.~ /*This information is not a recommendation to buy or sell. It is to be used for educational purposes only.*/ Feel free to request: your coin to be analyzed! Please keep those Stop losses in place! Thank you
NYSE:XOMShort
by Ajion
2