XOM long1st time longing oil stocks, looks like a nice knife catching opportunity as I inticipated oil to bounce of critical support.
Working well so far, will hold most of position until TP2 as long as oil moves higher.
XOM trade ideas
$XOM keeps falling but it can be long chance targeting 60 SL 30Oversold indicators - underperform broad market and almost near March lows . need to be watched carefully as it can be good long opportunity if entered near 30s with long term target at 60 or (100%) . if break down 30 then possible to visit 20 or even 15 so the main condition is to hold above 30 which will form huge double bottoms pattern for long term bullish view and on other side if break down 30 will have deep crap targeting 50% discount.. its quite interesting that big company with good earning is falling like XOM but soon will know the reason behind. good luck
Exxon double bottom reversaldouble bottoms look similar to a W shape, and this one does. the first time price has failed to break the support level at 30.00 which is the first circle. thus if the second price fails to break support again at 30.00 the second time. then the market will possibly shift to an uptrend.
Note: Price does not necessarily have to respect the support level at 30.00 to consider it as a double bottom it may go to 28 or so and still be a double bottom. make sure to analyse yourself, that's important.
does anyone agree with my outlook? feel free to share ideas.
XOM Long, at Demand Zone High quality Fresh Demand Zone ;
RSI Divergence
Entry 33
Stop 30
Target 41; reward:risk=2.5:1
Target 46; reward:risk=4:1
10/30/2020 Earning. Normally, one day before earning, IV will be higher.
I will try option strategy according to earning.
See detailed steps in Trade Active section.
I am not a PRO trader. I need few months to practice trading strategies.
If you like this idea, please use SIM/Demo account to try it, until my trading plans get high winning rate.
$XOM Strong buy at $30 With SPX 2850if the spx can hit 2850 which it can xom should be around 30/31 and a great buy - not advice
EXXON Mobil Corporation is bullish!!!I see some bullish signals on daily and 4h chart for EXXON Mobil Corporation.
Here is my trading plan for Exxon:
There is a gap around 35 so first of all, i expect this gap to be filled then i will aim 36.23 and 36.50.
Stop loss:33.70.
Have a nice day,
Berk.
XOM HASNT BEEN AT THESE LEVELS SINCE 20022002 was the first spiderman movie. I cant figure out the wave pattern (complex correction of sorts) for this chart but, at 31 - 32 levels I am def a BUYER. low risk, high reward.
XOM still bearish, needs to find bottom/consolidateNo clear direction on XOM, still downward moves. Technicals also not looking the best, negative divergence could signify that it still has room to drop. Copyright Rohan Karunaratne 2020
VALUE_BULLISH BUTTERFLYThe X-B is off a little, should be at .786. It's @ .764. But it's a monthly over 10 years.
I don't think this has a chance of playing out with unless their business model changes, but over another 10 years, maybe.
LONG XOMExpecting bounce from extremely oversold weekly and daily levels. If stop breached, be prepared to catch new daily reversal on lower levels with a tight stop.
XOM - 1D - ReviewXOM is currently sitting in the support zone after the crash.
I usually trade under these conditions when there is a MACD or RSI divergence, but I could not find any. Hands-off longs.
I will be verifying in the future about possible short positions.
Xom is as cheap as it will beYou can see the most oil stocks are starting to climb. Even though there’s a push for a lot of electric vehicles and I’ll take a good 5 to 10 years for at least a third of the market to adopt.
$XOM paying only 10% dividendcompleted a 73.46 correction and ready to move higher. XOM wont cut their dividend imo and the price cant stay low forever. people will be leaving the nasdaq soon enough and will want to park money somewhere. this is the kind of parking lot they will use.
$XOM Starting off a low baseExxon recently broke through the 21MA and retested that break level again. Looking at some possible upside to $40 to challenge the downtrend. Small position against trend.
