XOM trade ideas
Oil under Pressure??On the monthly March showed momentum was slowing down and i was expecting April to reflect this with kijun resistance at 56.80. April ddnt give us much in terms of bearish signals. Then right at the end on the 29th we had a peculiar looking bearish abandoned baby and a strong bearish candle the day after with good volume. Since 56.80 is the inflexion point, i will put a sell order on break of that level.
Entry: 56.70
SL: 59.90
TP: 47.05
R: 3
Exxon-Mobil Corp. (XOM)The company announced estimated first quarter 2021 earnings of $2.7 billion, or $0.64 per share assuming dilution, compared with a loss of $610 million in the first quarter of 2020. Results included unfavorable identified items of $31 million, or $0.01 per share assuming dilution. First quarter capital and exploration expenditures were $3.1 billion, $4 billion lower than the first quarter of 2020. Oil-equivalent production was 3.8 million barrels per day, up 3 percent from the fourth quarter of 2020. Excluding entitlement effects, government mandates and divestments, oil-equivalent production was up 2 percent. During severe winter weather in Texas in February, ExxonMobil cogeneration facilities generated 400 megawatts of electricity, helping to power about 200,000 homes. The severe weather event reduced first quarter earnings by nearly $600 million across all businesses from decreased production and lower sales volumes, repair costs, and the net impact of energy purchases and sales. All affected facilities have resumed normal operations. Exxon Mobil shares offer strong total return possibilities to 2024-2026. Recovery potential is relatively attractive
if the expected comeback in fuel demand takes place. Meanwhile, the dividend provides strong income.
• Cash flow from operating activities of $9.3 billion fully funded dividend and capital expenditures, and drove
debt reduction of over $4 billion.
• Lowered cash operating expenses versus the first and fourth quarters of 2020; on pace to deliver additional
structural cost savings.
Another +100% in less than 24hrs!XOM goes up +2% today, but my private followers made +100% in less than 24hrs.
How is it possible?
Don't you believe it?
Check this:
$XOM expect correction to continueI´m expecting a zig-zag correction in XOM, and if waves A & B are over, we could have a downward movement that would take us below $50.
Value area is in the high 40s, where I´ll look for a bullish reaction to enter a trade.
It is time for exxon to move upward againAfter a month of sideward movement, exxon is now ready for the next upward move.
MACD will signal soon the entry. Wait till the signal comes! But up move is very reasonable.
Exxon MobilExxon Mobil has also been in a Perfect Bullish Run that has also intriguared a lot of investors to invest in the company itself. Majority of investors all of the world are holding the shares, as they believe that thecompany will rise into hitting our projected take Profit level around the $85 price level of the share.
More bullish run for the Exxon Mobil on a Monthly time-frame.
XOM: "on the road again!"XOM is bouncing off the yellow support line and is heading to its 52 weeks high before its earnings on April 31st. All indicators are in favor of this bullish movement. You see a double bottom on the chart, and RSI which is rising, and the MACD that is about to cross up. Don't forget to check out the stop loss and make sure to set it as soon as you placed your trade. Nothing is guaranteed in this giant casino!
Anyways, this is a ~2:1 risk ratio trade and has a high chance of successful execution.
Cup and HandleI have been waiting on XOM to find a happy place. I owned it, sold it, and now miss that fat dividend. The rising wedge scared me and the sell volume bar did not help )o:
OIL was popping then it pulled back, and back. But I have a funny feeling. The good kind. Fingers are crossed.
The moving averages are where they are supposed to be. The 50 is over the 100 and the 100 is above the 200. They are all sloping upward.
The handle low can be a good source of support. If you look to the left side of the cup, there is a gap up and a gap down very close together that could be great support.
Fortune favors the brave.
vol about to pickupsitting on my hands to buy this dip. energy will likely be the first to recover after leading the S&P into a hole next week.
XOM - Oil BullishWarning you all right now. Do not sleep on oil. XOM is my favorite setup so far. Just reclaimed 21 EMA on the Daily and also 4H, broke short term down-trend, ready to rocket. Levels are clearly listed. You can play aggressive with weeklies, or get 4/16/21 or further out to give the play some time to pan out.
XOM Breakout targets after confirmed breakoutXOM is currently backtesting the breakout of an 'Adam & Eve' double bottom pattern. This goes along with hidden bullish divergence on both the 4h and daily timeframe.
This breakout has its price target a long way up, which is why the previous breakout high will be the first target, after which a historical support line is set as a target. The third target lies at the measured move of the double bottom pattern.
The stop loss can be put further down or slightly more up, depending on your risk tolerance.
In my opinion, this is a really strong setup, but always DYOR!
XOM's distribution phase over?If it bounces w/ strong volume it is a good sign. WTI holding up at ~$60 which is also good.
XOM back at the 30day MABig volume on Friday, looks like it's mostly coming from sellers. XOM has reversed twice before off the 30day so I'm curious to see if it'll do it a third time. This time around though I feel more bearish, the volume is making me think it's not done with going lower.
