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XOM trade ideas

$XOM Undercut and Reverse?NYSE:XOM this is a remarkably simple U&R play. I have gone long with the undercut and today’s reversal from the low on December 12, 2023. That low was $97.48. It broke above that this morning. My stop is simple. If it closes below $97.48, I am out because it will tell me it is resuming the downtrend. Should it push higher tomorrow, I will add to my position. All TBD. Ideas, not investing / trading advice. Comments always welcome. Thanks for looking.
NYSE:XOMLong
by jaxdog
Exxon Mobil1.25.24 This is a follow-up on Exxon which had a reversal about 2 or 3 days ago. It came to a perfect ABCD target... and there was a two-bar reversal.... and it looks like it's going to trade higher and I explained this in the video. I was a little disorganized....Sorry about that.... I was at a seminar today and I am very tired. It is important to go back to these videos if you're trying to learn how to read price action. You will hear me give you my opinion regarding the direction of the market. This isn't necessarily a trade... but if you want to learn how to read with more precision then it's important to make a decision regarding the probability that the trade will go in the direction that you think it will go.... and then go back after the fact and see if it happened that way. This is the best way to learn how to read markets by stating your opinion without risking your capital. each new bar gives you additional information and it is reasonable to expect that it might change your point of view. Don't let this bother you. however you should use the market to help you make those decisions... not your bias without regard to the current bar. Your analysis doesn't have to be perfect... it just has to be pretty good... and if you work at this long enough you will know what that means for you. You're a long-term trader and you want to get into Exxon for the next 2 years..... it's still is worth the effort to learn how to read the market to optimize your entry. I'll show you a follow-up on Tesla which I also talked about this week.
NYSE:XOM
by ScottBogatin
RiskMastery's Red Flag Stocks - XOM EditionWelcome to RiskMastery's Red Flag Stocks - Stocks with bearish potential. In this edition, we'll be looking at NYSE:XOM ... I believe this code is at a point of potential volatility. If price can hold below $96.95 ... Bearish potential may be unlocked. My key downside targets include: - $88.96 (Conservative) - $82.23 (Medium) - $73.20 (Aggressive) If however price breaks above $103.62 ... Bullish potential may be unlocked. (My key risk targets - C, M,& A - are as noted on the chart) Enjoy, and I look forward to being of further service into the future. If you'd like to connect, feel free to reach out and comment below. Mr RM | Risk Mastery Disclaimer: This post is intended for educational purposes only - Publicly available RiskMastery information & content is not intended to be financial advice in any shape or form. Please do your own research and seek advice from a licensed professional before acting on any of the information contained within this post. This post is not a solicitation or recommendation to buy, sell or hold any positions in any financial instrument. All demonstrated trades are merely incidental to the educational training RiskMastery aims to provide. You are solely responsible for your own investment and trading decisions, of which should be made only according to your own opinion, knowledge and experience. You should not rely on any of the information contained on this site or contained in any RiskMastery material on any website or platform. You assume the sole risk of any trade or investment you elect to make. RiskMastery and affiliates shall not be liable to you for any monetary losses or any other damages incurred directly or indirectly, from your use, reliance or reference of RiskMastery materials, content and educational information. Thank you for your understanding and cooperation - We look forward to working with you into the future to navigate the fine line of trading and investment success.
NYSE:XOMShort
by RiskMasteryOfficial
EXXON MOBIL on the 1 year Support but on bearish bias.The Exxon Mobil Corporation (XOM) is again testing Support 1 (97.85), which is holding since the March 13 2023 Low but on a bearish note as it recently broke below the October 2020 Higher Lows trend-line (was the long-term Support) and remains below the 1W MA50 (blue trend-line) for the 12th week in a row. This is obviously a long-term analysis on the 1W time-frame, but the chart can provide a clear view of the trend depending on the break-out. If the stock closes a 1W candle above the 1W MA50, we will turn bullish targeting $120.00 (just below Resistance 1). If it closes below Support 1, we will turn bearish targeting 84.50, just above Support 2 and the 1W MA200 (orange trend-line). Note that the 1W RSI has been on a huge Bearish Divergence (Channel Down) since January 2022. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NYSE:XOM
by TradingShot
XOM1.10.24 This is probably the last video on XOM. The truth is I like the challenges of looking at new trading opportunities... but even more importantly... looking at Exxon oil is fun because I have absolutely no risk of loss.... because I've never traded it and I never will. You really want to wait for the markets to set up.... and I give an example or two of what a setup looks like. this is not the best time to start trading exxon because the markets contracted and you can still trade it but it's $100 a share or so with a very small range.... but if you can distinguish high probability decent reward setups by looking at this chart when it had those kinds of setups, it is worth thinking about this. if Exxon went lower 30 to 40%( 382)... I might consider being a buyer. Exxon may travel to the top of the yellow range box where you might find sellers. we could do this ad nauseam until we run out of space. If you want to save yourself from a lot of stress don't trade contracted markets. Wait for markets that are expanding or have already expanded and have great range.
NYSE:XOM
by ScottBogatin
1
Oil Bitcoin XOM1.9.24 I'm sorry for my problem with speech on this video. It's a neurologic thing and it gets worse as I get older. But you'll get the gist of it If you focus on how markets expand and contract... and you are able to make the distinction between arranging market and a trending market. Bitcoin is in an expanding market and yet you could have traded it as a ranging market for months... but these last breakouts higher are showing differences that are easy to see if you step back and look at the chart. If you're too narrow in the way that you analyze markets you might think that you're missing the big moves because you might not have gotten the long trade this week in Bitcoin.... so if you think about the market in the last two or three trading days you feel that you're too late. On the other hand for the past few months you could have traded the range and you could have gotten out make it a profit without having the market reverse and take away your profit..... and you know where the virus and sellers are if it's a range box. If you never look for range boxes you never see boxes.... never see boxes you never think in terms of where the buyers and sellers are. you might say why I don't need boxes I can see where the bars and sellers are.... but that box is associated with a range and that range represents a certain amount of money... and all you have to do is take a glance at that box and you will know how viable that box is to trade. On XOM.... that Has a trending Behavior going higher but it is trading in a range. Generally speaking.... for me.... arranging market much differently than a trending market. For me..... arranging market is arranging Market Until It Breaks significantly higher or lower. My favorite market is a trending market going lower.... it is oversold... and it is come to support and is finding buyers. If I have arranging market with sufficient distance between the buyers and sellers... that means I can find a market that gives me a certain return because of its vertical range... I'm willing to trade that and I know where my targets are and I know where my stops are. The kinetics of arranging market are much different than a trending market. If there's a trending Market I'm looking for a reversal... and most people will be afraid of this... but when it works it makes a lot of money... but keep your stops small. If you trade arranging market as if it were a trending market you will lose money. I am not talking to you I am talking to me.
NYSE:XOM
by ScottBogatin
1
XOM1.8.24 XOM was a little tricky today because it gapped lower on the open. If you had a small stop you would have been stopped out most likely... but the market closed the gap where they were buyers and it didn't make a new low... and once it made it slow for the day it went significantly higher to suggest that the market has a chance of making a new high. Unfortunately, I ran out of time so I will finish this video tomorrow. I ran out of time because I wanted to show how I would look at transitions in the market when it was moving higher and then it started to range. We could see this on a monthly chart... and we could have used ABCD patterns to help us etc.....
NYSE:XOM
by ScottBogatin
1
Energy Stocks: Macro Fib SchematicsThis idea beholds 6 of the largest Energy companies in the world. (Shell, Chevron, Exxon, BP, Duke, and OXY Petroleum.) These macro schematics have been crafted through meticulous Fibonacci techniques. I've laid every one on a 3 month timeframe starting at 1988. History buffs will understand the time reference to the rough "start" of Middle Eastern conflicts from the West and the rise of the price of "fossil fuels". I'm not begging anyone to understand this genius mastery of Fib tools. You either see it or you don't. I've linked my ENERGY COMMODITIES idea below for more analysis.
NYSE:XOM
by MichaelBsul
BEARISH OIL WILL IMPACT EXXONAccording to Tom McClellan, Oil follows Gold with a 18-20 months and so he forecasts a low for May 2024. Gavekal IS Research has formally uncovered this lag though without issuing a strategic forecast. The logic is that Gold "stores" the future price of energy It is very easy to see that a 5 Wave pattern has occurred and is currently being followed by a rectangular ABC pattern. Supports are being broken, suggesting that the 1st Wave of a 5 Wave bearing pattern is unfolding. The target is below 65, a major support/resistance line A Gann target would be around 60 or 1/2 of the top at 120
NYSE:XOMShort
by FRED-RABEMAN
1
EXXON MOBIL: Strong buy at the bottom of a 1 year Rectangle.XOM has been trading inside a Rectangle pattern since the October 11th 2022 low and just last week the 1D RSI got oversold below 30.000. Now the 1D technical outlook is neutral (RSI = 46.595, MACD = -1.790, ADX = 43.208) but that oversold level was the first buy signal as it took place very close to the Rectangle's bottom. The second and final validation buy signal will be when the stock closes a 1D candle over the LH trendline. Yesterday it crossed over it but closed on it. We will take this opportunity to target the 0.786 Fibonacci level (TP = 115.00) as this was the minimum target that the previous three rallies hit. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
NYSE:XOMLong
by InvestingScope