NYSE:XOM putting in a potential reversal doji here in this demand zone, high spike of selling may indicate capitulation. Would give this name plenty of time to move if looking at calls
coming up on a 4 year trend line, looking to get into 6/20 350c if we see it hold up. Had a hard time finding alot of open interest on the longer dated strikes.
Price recently hammers off 9/21 cross, ran over 80% on shares in 2 months last time this happened, Williams %R and MACD look poised for an earnings run up on 2/22. Looking for a retest of 9 ma of daily close over strong volume to get long, eying 2/22 $70 calls that closed at $1.75 on Friday 2/2.
