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XOM

XOM, a decade low with a bullish gartleyXOM just had a disappointing earning report and Goldman downgraded it, with such a weak oil price.. There are many facts for this oil giant to drop, showing terrible relative weakness in a bull market like 2019. Still, I'm willing to look for chances for some position in this name as a buy-low opportunity, the important spot will be around 56, to see if there are any kind of reversal sign for me to long. A bullish gartley that took 10 years to form!? I'll be interested in it carefully yo. Let's see how it goes!
NYSE:XOMLong
by Trader_Joe_Lee
3
XOM: Long oil stocks now...I think we have many interesting companies that show big accumulation bases that can rally nicely with oil during and after January 2020. $XOM is one of them, risk is a $3 drop from here, to make it to the target on chart at least, but could be twice as big of a rally in this timeframe too. Over time, there's a chance of a monthly basing pattern to confirm a trend, which would align with what I see in $USOIL. Big speculative trends are about to get in motion during 2020, I think many will be related to $USOIL rallying, like solar names, $TSLA and other EV related stocks (battery tech and materials, etc) and Emerging market stocks like $ARGT, $EEM, $EWZ, Singapore, Vietnam, and individual names in energy with solid charts and valuations. Best of luck, Ivan Labrie.
NYSE:XOMLong
by IvanLabrie
Colossal Head and Shoulders Top in Non-renewable Energy LeaderExxon Mobile is exhibiting a massive H&S top and is now trying to break below the neckline for the second time. Often times if a support/resistance break attempt fails, the second attempt tends to be more successful. If this Head and Shoulders top does break down, that should coincide with the price of Oil and be the start a new bear market for the non-renewable energy sector (which would be a sign of strength for renewable and electrical energy in the years to come).
NYSE:XOMShort
by tyler_sim