Long | XOMNYSE:XOM
TP1: 64.80$
Call options, Strike 70$, 07/16/21
*This is my idea and could be wrong 100%
XONA trade ideas
XOM64 was the entry trigger. If XOM can stay above 64, it can move up to 65.5 by the end of the week.
My current position is the 64.5C 6/18. $.46
XOM is going to XOOM (along with the entire sector)Oil plays are set up right now. Beautiful cup and handles. Bounces off the trendline and just launched off the 20 SMA. Lot's of resistance ahead, watch for a volume spike to get through. Give it some time. (3 months). Oil go Xoom.
XOM Price Target $71 by DecemberWhile the Energy sector as a whole is trending up with the rise in crude oil and the demand for it. However, until now, Exxon Mobile was under a lot of scrutiny for not embracing ESG protocols, which led to their attack from "Social-Good" Activists. This, in-turn, led to the conversion of the leadership strategy, which now prioritizes removing their carbon footprint. With that said, they have now cleared that obstacle as well as moved back to full operability.
To avoid overcomplicating things, $XOM has amazing financials, is a market mover, AND now is a favored oil firm in an incredibly booming market. They will have an amazing earnings call next session and this will propel them to the next level.
My recommendation is to add 10% of your portfolio to this firm with a 10% trailing stop loss. The price target is between $68 - $71 by end of the year.
Happy Investing!
Technical analysis update: XOM (7th June 2021)Recently RSI and MACD turned back to bullish side. At the same time ADX shows signs of revival. In addition to that oil price keeps rising. We think that XOM will continue its rise above 1st resistance at 62.55 USD. XOM currently provides very interesting setup. Our short term price target for XOM is 62. 50 USD and our medium term price target is 65 USD.
Here is setup from 8th May 2021:
It is very similar to the current setup.
Disclaimer: This analysis is not intended to encourage buying or selling of any particular securities. Furthermore, it should not serve as basis for taking any trade action by individual investor. Your own due dilligence is highly advised before entering trade.
$XOM Exxon Mobil. Cup and handle - BullishExxon Mobil is build a bullish looking cup and handle. A break of the neckline would open a $70 price target.
I have a position
XOM Cup and HandleI honestly think these are conservative targets, XOM could touch 70-80s by August.
XOM possible breakout following double-bottom?XOM ready to reverse its trend and go to new highs following a textbook pattern
XOM ready to go higherCup with Handle. Handle is a falling wedge. You are trading a bullish pattern inside a bullish pattern. On you of that you have triple 4h bullish divergence on MACD on that wedge. And it's super easy to target and manage risk with very tight stop loss around $57.4. Oil is going up and demand will continue to go up this summer and while XOM is usually correlated with oil prices, it has yet to catch up to recent upswings in WTI. I feel like this is a very safe, long term position offering very good technical entry right now and perfect trade setup for a swing trade. Memestocks are pumping this week, but shoft towards commodities and safer bets is a real trend.
XOM trend directionOil price is rising and business works.
Shortage possiblities again in Oil: energy.economictimes.indiatimes.com
Exxon Mobile with a possible short setupExxon mobile set up a double top and broke today the upward trend. MACD shows downside.
A short term - Short Canidate
ExxonDescription: The price is at a significant multiyear resistance/support-level and is forming a cup and handle pattern in the 4h chart which indicates that the market participants are preferring the long scenario
Intermarketanalyses: The fact that we are not only seeing huge spikes in the inflation-data (CPI) which can be explained with the basis-effect but also witnessing wage increases supports the idea that this increase in inflation is not transitory. This makes the idea that we see a further depreciation of the USD more probable. As commodities and the USD are negatively correlated the depreciation of the USD should act as a tailwind for the oil-sector
Entry: 62.30$ (this would end the secondary downtrend of the correction)
Target: ~ 68$
Stop: 58.20$
Stopmanagement: Parabolic SAR 4h chart default settings
Risk/Reward-Ratio: > 1:1
XOM Cup & HandleAs seen in the chart looks like XOM is setting up for a nice run-up based on cup and handle and not breaking support lines. Looking for this to pop next week or two. Also, like how MFI is showing oversold and looks like MACD is starting to converge; possibly setting up for crossover.
stick to the script.almost always trades up on the dividend, then gets dumped. Consolidating here. Buying bottom the channel, if it punches through it, trade is off full stop.
rolling into calls pre dividend date, marking it on my calender like a holiday.
XOM long playXOM looking quite good currently with the cup and handle play. Though, it could reject and begin to consolidate further.
