Exxon Mobil feeling market wrath. XOMGoals 0.56, 0.49. Invalidation at 0.89.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe
XON
Exxon has more to give? Exxon Mobile
Short Term - We look to Buy at 81.80 (stop at 79.22)
Preferred trade is to buy on dips. The medium term bias remains bullish. Trading has been mixed and volatile. We are assessed to be in a corrective mode lower.
Our profit targets will be 87.06 and 89.10
Resistance: 90.00 / 100.00 / 110.00
Support: 82.00 / 75.00 / 70.00
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$XON Intrexon Corp Climbing Up The Charts$XON has been making a nice run up the charts lately. We don't think this run is over by far as there looks to be a lot of momentum behind $XON.
There's also a gap higher that needs to be closed from $12.77 to $12.96
The stock is getting a boost today after announcing an exclusive wellness agreement with Surterra Wellness.
The companies will join forces to advance Surterra's cannabinoid production at a reliable, efficient, cost-effective, industrial scale utilizing Intrexon's proprietary yeast fermentation platform. The $100 million deal, including milestones and royalties, will leverage each company's expertise to ultimately bring new cannabis products to market to meet growing, and more selective, future consumer demand, with greater supply chain security, in a more consistent, efficient and cost effective way.
As always, trade with caution and use protective stops.
Good luck to all!
XON for June/JulyBack to the basics with this one. RSI and MACD are forming bullish indicators. Price is consolidating nicely and should continue to test the upper resistance. If it breaks through I'm looking for big retracements. We've seen similar huge leaps in price so here's to hoping history will repeat itself.
I'll keep updating as we move along.
*Delgado*
XON - Downward channel breakout Momentum Long from $17.52XON seems breaking out of a downward channel formation. It also seems forming a flag here. We think it has good upside potential.
* Trade Criteria *
Date First Found- April 4, 2018
Pattern/Why- Broken out of downward channel
Entry Criteria- $17.52
Exit Criteria- Momentum
Stop Loss Criteria- N/A
Indicator Notes- Twiggs money flow bounced off to the positive side
Special Note- Very strong EPS -0.29% & Sales
Please check back for Trade updates. (Note: Trade update is little delayed here.)
XON - Possible Flag formation Momentum Long from $15.91 XON seems forming a flag setup. Money flow broken out positive. It had a big shot up on strong volume & broken out its resistance. It also had big insider buying recently. We thin it will continue upward.
* Trade Criteria *
Date First Found- March 7, 2018
Pattern/Why- formation. Possibly momentum Flag setup
Entry Criteria- Current price ($15.91) (Hit March 8, 2018)
Exit Criteria- Momentum
Stop Loss Criteria- $15.43 (Updated March 13, 2018)
Indicator Notes- Would consider July $18 Calls.
Special Note- Big Quantity and Big %’s insider buying
Please check back for Trade updates. (Note: Trade update is little delayed here.)
$XON Short: Upper channel resistance, Bullish wedgeUpper channel resistance and bullish wedge indicate some kind of reversal on a 1m scale.