XOM pull back Waiting for a truce in Europe so I can short this back to 50$.
Until than , a pullback will suffice.
First target 107
Final target - 102
Oil inventories are stacking up
XONA trade ideas
XOM - Potential going up again1. Fortune_TD, Fortune Banker trend :
Fortune TD 9 and Force 9 show the trend exhaustion range, the green bar shows this is a potential share pull back. .
Fortune Banker trend, green line shows the banker chips flow in, then short money cross its 5 days average, potentially an uptrend begin.
2. First Up and Retrace :
21 Mar 2022, short money trend line cross up
19 Jul 2022, short money trend line cross up
28 Sep 2022, short money trend line cross up
First up happened followed by a the retrace as indicated by TD and share pull back signal.
3. Rebound and potential developing into Main Wave:
Today short money trend line cross up again, with volume greater than the previous day.
Fortune Crown, green bar momentum showing a positive momentum, potential uptrend after retracement.
4. Summary:
Based on above analysis, there is a potential of developing into Main Wave, and risk of short term retrace, short term support level 96.
EXXON Mobil at the top of bullish moveExxon Mobil is currently overbought and is almost at the top of bullish channel. A retrace to 200MA is quite possible.
Furthermore, the daily RSI looks to be not supporting the current price action as it shows a clear divergence to the price.
I am opening a small short (2% portfolio) right now.
Exxon Mobil Fibonacci ChannelsExxon Mobil is reaching historic price based resistance, however it can still grow due to unprecedented external events.
Obviously market is in uptrend which is closely linked to the rise in world oil prices caused by the ban of Russian oil. Relatively same demand is now met with decreased number of suppliers.
For now I'd say that companies, which have anything to do with oil, will grow with positive correlation to oil dynamics. The war also raises the stakes, because uncertainty carries itself risks.
In our case with the consideration of current circumstance and external factors, the XOM can grow up to red fib area. Nevertheless, this is not a call for an entry because chances are there's going to be a local correction as a reaction to an already grown market.
I don't think Venezuelan or Iranian oil will compensate a loss of a major oil producer any time soon.
XOM topped, opening a short positionXOM stock has topped, opening a short position.
First target: 80.
$XOM with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $XOM after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 50%.
cluster resistance, the most dangerous area to long 🐻on the verge of breaking local trend support, breaking back below RSI resistance, and recently rejected from cluster resistance.
all signs that we may see a pullback, potential for a dip to 100-91.93-82.73 🎯
Great opportunity to short XOM XOM is back to 100$, last time being there when crude was above 110$ a barrel. A great short covering, along with confluence of multiple trend lines makes this a great short opportunity.
Short XOM because at heavy resistance and looks overextendedShorting XOM since it touched the upper trend line, which serves as resistance. The chart also looks heavily overextended and is in for a pullback to at least 104-106.
XOM Regression- zone pulls back to this zone as a buy current position I am short to the 105 level. From there I will be long.
Elliott Wave View:Exxon Mobil (XOM) Looking to End 5 Waves RallyShort Term Elliott Wave structure of Exxon Mobil (ticker: XOM) suggests cycle from 9.26.2022 low is unfolding as a 5 waves impulse Elliott Wave structure. Up from 9.26.2022 low, wave 1 ended at 89.36 and pullback in wave 2 ended at 87.13. The stock then extends higher in wave 3 towards 103.32 and pullback in wave 4 ended at 96.75.
Wave 5 is now in progress with subdivision as an impulse in lesser degree. Up from wave 4, wave ((i)) ended at 99.76 and dips in wave ((ii)) ended at 97.06. Stock then extended higher in wave ((iii)) towards 111.21 as the 45 minutes chart below shows. Stock then pullback in wave ((iv)) towards 108.12. Near term, expect wave ((v)) of 5 to complete soon with a marginal high. This should also complete wave (1) and end cycle from 9.26.2022 low. Stock should then pullback in wave (2) to correct cycle from 9.26.2022 low before the rally resumes. Wave (2) dips should unfold in the sequence of 3 ,7, or 11 swing before the rally resumes. Near term, while above 108.12, expect the stock to extend marginally to end wave ((v)) of 5 of (1).
$XOM swing puts - Indicators show higher probability of sellingSimple chart here that makes a likely case for a downward directional trade. There are 4 simple moving averages - 10, 20, 50, 200. Yellow arrow mark major tops which also line up with RSI over 70 (orange circles) and directional movement (DMI) peaks.
Directional movement is a less popular volume indicator, but it has saved me many times on a 5m chart from entering a trade at the wrong time. The green line (DI+) indicates buying and red line (DI-) indicates selling. The gray line shows total directional movement for a 7-period setting. This is the important one, as it indicates when movement in one direction (in this case buying) has become extreme so buyers will be exhausted and then selling ensues.
Based on this I suggest 11/4 or 11/18 puts.
XOM Exxon Mobil | Joe Biden: 'Exxon Made More Money Than God'Want to play the earnings of the company that makes more money than God himself? :)
If you haven`t bought my last call, at $75:
than you should know that before he see this Double Top Bearish chart pattern fulfill, there is still some upside left for XOM.
Looking at the XOM Exxon Mobil options chain, i would buy the $110 strike price Calls with
2022-12-16 expiration date for about
$4.00 premium.
Looking forward to read your opinion about it.
Exxon hits all time highThis chart shows that recently XOM reached an all time high price in what could be a breakout from a very long term channel. However, I think it would be prudent to wait for confirmation that this is not a false breakout. The chart of oil is currently in a down trend.
Will $XOM pullback after earnings on 10/28?Yellow vertical lines mark earnings days.
Gray boxes show price action afterwards - given the stock's run up since end of Sept, and seeing RSI and stochastic with price at all time highs - I like the reward/risk of buying 11/4 or 11/18 puts.
Today the top 10 November volumes are in call strikes and one 11/18 97.50 put. I cannot say if they are being bought or sold.
Of note, the 11/4 110C has 3,700 OI with 2500 volume today.
For the 10/28 expiry, the 110C has 10k volume today with 6.7k OI. Call volumes greatly exceed put volumes and today's P/C ratio is 0.52 (P/C ratio OI = 0.82).
My own trade design is a counter-trend idea. I rarely trade through earnings but in this case I like the technical-based idea and can hold a few days at least.
Energy Going UpExxon looks to break through resistance and continue onto new all time highs. Oil has been on a down trend and the chart looks horrible, but that hasn't affected oil stonks in the slightest. Look for much higher here 125 + end of year.
XOMWEEKLY:
Since 2020, Exxon Mobil has started a strong uptrend and currently the trend is at the decision line, so I have outlined 2 variants on the chart: red and blue.
The blue path is suitable provided the @ 105.57 price level is soon broken to the upside which then continues the blue wave from Intermediate (1)-(5) to the end of wave (3).
The red variant comes into play when the alternative count of the black wave 1-5 is already complete at 105.57, which then - once the alt B ends - speaks for the falling ALT (4).
Xom putsStarted trading options this week and its been awesome. Been seeing a lot of my rules apply to the stock market just like it would in forex. Other then news my concepts still hold value. Going to go in on this once tomorrow morning. This has to come down to fill the imbalance in the market from the strong bullish move up. We even gapped up before the big move and that yet has to be filled. My tp is the Order block and the see how price reacts there.
Nice break of structure to the downside I want this to close and hold under for the confirmation for a sell. We also have a nice retracement and rejection from the 61.8 fib lvl so things are looking good so far imo.
Exxon awaiting a correction?Exxon Mobile - 30d expiry - We look to Sell at 102.98 (stop at 107.07)
We are trading at overbought extremes.
Bearish divergence can be seen on the weekly (the chart makes a higher high while the oscillator makes a lower high), often a signal of exhausted bullish momentum, or at least a correction lower.
Posted a Double Top formation on daily RSI.
Price action continues to trade around the all-time highs.
In our opinion this stock is overvalued.
There is scope for mild buying at the open but gains should be limited.
Preferred trade is to sell into rallies.
Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
Our profit targets will be 92.72 and 88.72
Resistance: 103 / 105 / 110
Support: 100 / 97 / 93
Disclaimer – Saxo Bank Group.
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$XOM Analysis, Key levels, and Targets $XOM Analysis, Key levels, and Targets
So I got a little bit trigger happy today and I sold 95 puts for Friday, but that’s ok… I’m ok with that… However, had I had thought it through I would have used these targets as entries and maybe bumped out to next week… but this is why I make these charts, so that I can make more informed decisions on the spot… and to be able to pick better strikes on the spot… LOL…
Anyway, with OPEC cutting oil production I think 95 is a good entry… and seeing it from this angle is giving me so many ideas on how to play this…. Dang I should have organized my charts weeks agolll haha…
IF you trade $XOM, $SHEL, $CVX or oil in general let me know your thoughts….
I’m going through my entire stock list this week (definitely longer than a week) so sorry in advanced for blowing up your emails…
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I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
IF you need anything analyzed Technically just comment with the Ticker and I’ll do it as soon as possible…
XOM ShortRange play. However, if we retest the bottom channel I will re enter the short. I think everything is baked in on oil companies.
