Exxon MobilShort
XOM Short for Week of 7.26
Updated
This is a short term short due to earnings coming up.
Best to be in and out of the trade before then.
It is unlikely to be positive, due the demand for the product being
lower due to the global environment, but best to be in and out.
The daily chart is showing positive, where as the weekly is showing negative.
Targets:
Target 1: 43.00
Target 2: 42.25
Target 3: 41.30
Target 4: 39.50
Stop: 45.00
Best of Luck,
--d0x
Best to be in and out of the trade before then.
It is unlikely to be positive, due the demand for the product being
lower due to the global environment, but best to be in and out.
The daily chart is showing positive, where as the weekly is showing negative.
Targets:
Target 1: 43.00
Target 2: 42.25
Target 3: 41.30
Target 4: 39.50
Stop: 45.00
Best of Luck,
--d0x
Note
Watching to see if we can enter. Would like to see an hourly close below 43.30 before entering the trade.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.