double 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...
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.
You ain't betting against the Rockefeller's company, are you ? Nice bounce off the 61.8 Fibonacci retracement . Send it !
Elliott 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%...
Elliott 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%...
Exxon 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...
XOM XOM is starting a Bull´s Way. Go in with care, but surely you will earn great %. Some values for historical objetives. See what happen, fundamentals say that is undervalued, so might go up. Bullish and LONG! See you later!
NYSE:XOM Prices are still moving sideways - it seems that there is a possibility to go short for a short term investment, if the top resistance line will not be broken. In conclusion hold before sell for a short term investment and hold before buying for a long term investment.
Check out the different valuation of new, digital enterprises compared to conventioal, industiral age companies in 2020. It shows that our old, heavy industrial age is coming to an end and will be replaced by new information and collaboration economy.
I have a channel drawn with an area of potential support. With a first level Crossover attempt on lower timeframe. I can't post the lower timeframe here so I will share it in the updates below. Looking to add 25% of my buy order here. 1-2% stop
1. Broke Trendline 2. Multiple higher high attempt in Price action but fails and now we can see a lower low 3. RSI decreasing with RSI over bought a week a go 4. EMAs crossing over with the price action breaking through the EMAs. ** Fundamentals play strongly in pulling the trigger as we foresee weak oil prices remaining depressed for a while.
Exxon Mobil broke it's uptrend trend-line late last week. Today we saw a retest of the broken trend-line with reasonable rejection and notable volume near the highs. I'll be looking to target the 39.3 area.
I have been pretty trash with oil trades.. but this time I believe oxy will reach new all-time lows. There is much uncertainty from investors which makes this a perfect short IMO, I have a 5/8 buy put... didn't short at $17 simply cause I was at a huge loss from some other trade (not enough capital.) I think we will revisit $12 by today and continue to make lower...
“Unprecedented measures for unprecedented times,” Ed Morse, Citi’s global head of commodities, wrote in a note to clients on Sunday. Morse said the cut will have a significant impact in the second half of the year and help lift prices to the mid-$40s by year-end, but that there will be short-term pain while the market rebalances. --NBC I made a projection few...
EXXON Fib Levels. Disclaimer: We are not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature, and are therefore are unqualified to give investment recommendations. Always do your own research and consult with a licensed investment professional before investing. This communication is...
NYSE:XOM broke the ascending channel. From a technical aspect it should continue the downward momentum
Exxon Mobil Corporation #XOM Exxon explores for and produces crude oil and natural gas. As of December 31, 2018, it had approximately 24,696 net operated wells with proved reserves of 24.3 billion oil-equivalent barrels. Exxon stock clear downtrend. With Light Crude Oil and Brent dropping like a rock, many oil related stocks like Exxon Mobil Corporation have been...
The Megalodon indicators are showing us buy signals on Exxon Mobile! The daily is also looking like if it holds these levels, it will be a strong support level to see an upwards increase in the coming days! Not a bad time to start nibbling on XOM. Click the link in my bio and try out the megalodon indicators today!