XOM compresion diariaSigue en la TL bajista iniciada el 9/6, precio oscilando entre los 2 retro Fibo de 0,382 y 0,50 (46,16 - 43,35).
4XOM trade ideas
Elliott Wave View: Exxon Mobil Pulling BackElliott Wave View in Exxon (ticker: XOM) shows that the stock has an incomplete bearish sequence against June 8 high. The decline from June 8 high unfolded as a zigzag Elliott Wave structure, where wave (A) ended at 44.75 low. Afterwards, the bounce in wave (B) ended at 49.8 as a zig-zag Elliott Wave Structure in lesser degree. The bounce reached the 100% extension in 3 swing at the blue box area. Up from wave (A) low, wave A ended at 47.76 high and wave B pullback ended at 47.14 low. The stock then extended higher in wave C, which ended at 49.80 high. Exxon then turned lower from the blue box area. The decline has broken below wave (A) low, confirming next leg lower in wave (C) is already in progress.
Down from wave (B) high, wave 1 ended at 45.40 low. The internal subdivision of wave 1 unfolded as 5 waves impulse. Wave ((i)) ended at 47.24 low and bounce in wave ((ii)) ended at 48.75 high. The stock then resumed lower in wave ((iii)) towards 45.77 low and wave ((iv)) bounce ended at 48.20 high. Final leg wave ((v)) ended at 45.98 low, which completed wave 1. Pair then bounced in wave 2 and ended at 47.35 high. Currently, wave 3 is in progress, where wave ((i)) ended at 46.65 low and wave ((ii)) bounce ended at 47.22 high. Wave ((iii)) has resumed lower and near term, while below 49.80 high, expect bounce in 3,7, or 11 swing to fail and Exxon to extend lower again.
Elliott Wave View: Exxon Mobil Pulling BackElliott Wave View in Exxon (ticker: XOM) shows that the stock has an incomplete bearish sequence against June 8 high. The decline from June 8 high unfolded as a zigzag Elliott Wave structure, where wave (A) ended at 44.75 low. Afterwards, the bounce in wave (B) ended at 49.8 as a zig-zag Elliott Wave Structure in lesser degree. The bounce reached the 100% extension in 3 swing at the blue box area. Up from wave (A) low, wave A ended at 47.76 high and wave B pullback ended at 47.14 low. The stock then extended higher in wave C, which ended at 49.80 high. Exxon then turned lower from the blue box area. The decline has broken below wave (A) low, confirming next leg lower in wave (C) is already in progress.
Down from wave (B) high, wave 1 ended at 45.40 low. The internal subdivision of wave 1 unfolded as 5 waves impulse. Wave ((i)) ended at 47.24 low and bounce in wave ((ii)) ended at 48.75 high. The stock then resumed lower in wave ((iii)) towards 45.77 low and wave ((iv)) bounce ended at 48.20 high. Final leg wave ((v)) ended at 45.98 low, which completed wave 1. Pair then bounced in wave 2 and ended at 47.35 high. Currently, wave 3 is in progress, where wave ((i)) ended at 46.65 low and wave ((ii)) bounce ended at 47.22 high. Wave ((iii)) has resumed lower and near term, while below 49.80 high, expect bounce in 3,7, or 11 swing to fail and Exxon to extend lower again.
XOM 7/17 $45c XOM 7/17 $45c
1. McGinley Dynamic acting as historical support (see: 04/02, 04/16, 05/14, 06/22 daily candles)
2. StochRSI in buy zone
3. Bounce off 0.618 Fib Level likely ($45.60)
3. XLE Energy Sector ETF is trending up
4. Crude prices increasing as demand for oil recovers
Exxon Mobil Corp (XOM - NYSE) - Updated EW count Exxon Mobil Corp (XOM - NYSE) has completed WXY pattern from bottom as indicated in chart. It dropped in impulse as wave A and correcting up in wave B, which might take 2-3 days to complete. Thereafter C wave will resume the fall in price action.
$XOM EXXON Mobile Breakout Target
Possible breakout from tight range.
wedged between 50 & 100 ma's
Oil price rising.
$50.83 Fibonacci target
XOM Analysis (1Hr Chart)Daily
- Bullish Channel
- Break of Decreasing Daily Volume w/ A 2.5x Volume Candle on Friday June 19th
- Increased Volume Candle Could be a Reversal Point
1Hr
- Island Top Reversal into a Symmetrical Triangle
- Bearish Momentum, but Again Looking for a Reversal from Big Volume Candle on Friday
Prediction
- A Reversal to Begin and Break Out of the Symmetrical Triangle w/ A Tight Stop Loss and Strong Potential Upside
- 1st Price Target: 54.98
- 2nd Price Target: 61.90
XOM Long but not for longNYSE:XOM
The post Corona-Crash regression is approaching the downward dip trend of past year. The intersection will coincide with the earnings so at the earnings we could see a break downwards.
But until then we might see 1 or 2 tests of the 54.20 resistance. Depending on market conditions. 54.20 was also the max of the dead cat bounce during the crash and is also close to the level of the shoulder of the last peak of Jun 20.
(this is merely a guess, it is not financial advice, etc...)
XOM - ENTRY Above Resistance at the 236@ 47.73XOM EXXON
ENTRY = Breakout Above resistance at the 236@ 47.73
1st Target = Gap fill 50.60
2nd Target = 58.63
HODL Target = 618@ 76+
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This content is for informational and educational purposes only. This is not in any way, shape or form financial or trading advice.
Good luck, happy trading and stay chill,
2degreez
Buy signal for EXXON MOBIL CORPORATION stock.The last downtrend was breached with a rising volume, RSI gives also a positive indicator since we have now a positive diversion.
XOM calls low risk high reward?$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
