Exxon Mobil (XOM) has been on a tremendous since the January 18 bottom and even more so since the start of this month (March). We are about to form a Golden Cross on the 1D time-frame and last time this pattern emerged (September 20 2023), the market top was formed a week after. In fact all Tops since November 2022 where formed on a Higher High sequence,...
Interpretation: Previously disorganized Fibo clouds have gradually lined up giving favorable support to the evolution of the candles. The compacting of fibo clouds from different timeframes signals direction and strength towards the first target to be reached Reaching the first target makes it necessary to move the stop loss to the position where the entry was...
Having not reviewed Exxon Mobil for a while, it's important to note its strong correlation with oil prices, on which we're currently positioned in a short trade. Accordingly, we also anticipate a downward trend for Exxon Mobil that has yet to conclude. The construction of Wave E or overarching Wave (A) peaked at approximately $96. The critical question now is...
Reasons for bullish bias: - Safe entry at breakout for confirmation - Price bounced from strong support - SL below support Entry Level (Buy Stop): 105.36 Stop Loss Level: 95.40 Take Profit Level 1: 115.32
I am looking for an intraday push out of the Bollinger band squeeze. The 15 min display shows a strong bullish momentum with periodic squeeze and push. The middle pane shows the RSI(white) and the Williams %R (yellow) with a 20 EMA for %R signal.
After correcting for nearly a year is this stock (and energy along with it) starting to make it's move? According to this count, the wave 2 correction was deep so the wave 4 may be shallow. A decent break above the 120 level may lend a bit more weight to this count. The alternative red count is perhaps even more bullish. Watch this space
Exxon is currently one of the largest positions in my portfolio. My price target for this stock is 262, but I am also keeping a stop loss at 80. The stock has been consolidating since 2006, but it appears to be breaking out now. In my opinion, this is just the beginning of a potentially lucrative trend.
Major oil companies such as Exxon are currently benefiting from rising oil prices. After the share price of the world's most valuable company had experienced a downward trend for a long time, a significant turnaround was achieved in 2020. In September 2023, Exxon shares reached new all-time highs. This was followed by a correction, as oil prices remained...
If you haven`t bought XOM ahead of the previous earnings: Then analyzing the options chain and the chart patterns of XOM Exxon Mobil Corporation prior to the earnings report this week, I would consider purchasing the 105usd strike price Calls with an expiration date of 2024-3-15, for a premium of approximately $2.37. If these options prove to be profitable prior...
XOM looks to be breaking out from a supply level that has been holding since Nov 2023. RSI over 60, rising 55D SMA. Stop Loss: 102.65 Target 119.92, 120.69 Note: This analysis is for educational purposes only and is not a buy/sell recommendation.
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Very simple setup on NYSE:XOM to get back into the habit of posting. Using our fibonacci retracement tool, XOM gave us a very clear bounce off .5. I have drawn a bearish FVG right before we retested .5 at Tuesday's close of day. I'm expecting to see this FVG broken and any entries above $104.70 should be a clear shot to $106 no later than Wednesday next week....
Hello We identified a buy signal with high probability on Exxon Mobil corporate in Monthly chart for a target of $119.7 within a few Months. Ibrouri
The logic is that price will gravitate to liquidity. Exxon Mobile seems to have an abnormal amount of liquidity sitting above all time highs. Gut says we take out those highs pretty soon. Here are some other considerations: -Exxon Mobil also currently has the highest percentage of short interest in modern history. -The company has a low valuation of 11x...
The triple three corrective wave of NYSE:XOM is done and is likely seeing further upside. We are likely on a strong impulse wave
2/6/24: New Demand Zone reached. Feb '24 reached a new higher-high, which either gives sustained price above $102 and continues up (Plan A), or price falls further into demand testing $95 and adding positions along the way, reducing cost average. $95 would be the bulls last chance at breaking out of the $116-120 Supply Zone.
Hi traders! On the chart we can see inverted head and shoulders pattern. Currently the price is retesting the neckline. We expecting the price will break the resistance. The long position can bee taken once we get a successful break of the neckline. The technical target for this formation is at 113$ . Stop loss should be placed below the right shoulder.
Impulse, followed by a correction (flat pattern 3-3-5). Target for the next wave up $15. Daily chart is promising, expect a longer-term trend (see in the update)