Fade ExxonThe upper log trend line (resistance) since June '20 has been 100% accurate for short fades on XOM pumps. Giving it a try here for a short term pull back.
XOM trade ideas
XOM - Watch Exxon Mobil closely!Dear subscribers, lets come together to discuss another major oil company. NYSE:XOM
As we described in our last update "CVX - Major reversal ahead?" the situation in major us oil stocks is very exciting.
Some time has passed since the collapse (february 2020) of the oil price and the massive drops in companies like Chevron or Exxon Mobil .
In the past year those stocks as well as the oil price have rallied tremendously and Exxon Mobil could rise nearly 130% since it's bottom.
Like in Chevron we have spotted a very important chart formation in the Exxon Mobil, a so-called "Rising Wedge", which marks a major trend reversal according to the Elliot Wave Theory.
From the image shown on the left, you can see the 1-2-3-4-5 movement and the following correction in wave II.
The only minor inconvience is, that Exxon Mobil's chart structure isn't as flawless as Chevron but the situation is clearly the same.
We now have reason to believe that Exxon Mobil is in the last breaths of its rally and is on the verge of a massive price collapse.
In that case, wave II could set us back to prices in the $88 to even $67 range.
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XOM Long PUT Play? 60 days out.Thoughts on Long Term PUT -60 days?
Reasons:
XOM did the same thing last year at this time. Huge jump in price action
3 gaps created on the daily
Extended away from the 8 ema
Last year it jumped 10 bucks before pulling back. If I look at the liner regression that is really close to being a 10 dollar move from top to bottom right now.
XOM: BreakoutNothing special here. Just another triangle and move from XOM.
This move up looks weak and it will be interesting to see if it will continue.
XOM - one of the top energy stocks for the next few yearsHoly cow... ExxonMobil is on a roll!
The stock price has been continuously rising (with a few intermittent dips) from a long term standpoint since the March 2020 crash...I think that's likely due to the company's higher amount of transparency in regards to its peers. I'm specifically referring to its 2030 promise of Net-Zero Permian emissions, its continued investment into algae biofuels when competitors like Chevron NYSE:CVX gave up, and its open support of the Paris agreement despite any ulterior motives Darren Woods and co. may have. I also credit, to a lesser degree, the view that ExxonMobil may be the greenest descendant of Rockefeller's Standard Oil because of Engine No. 1's victory and the continued growth and impact of the new Coalition United for a Responsible Exxon (CURE), as well as how the public may not necessarily have the best view of Chevron due to the Steven Donziger incidents.
ExxonMobil' dividend being higher than Chevron, BP NYSE:BP , ConocoPhillips NYSE:COP , and Royal Dutch Shell BCBA:RDS on a percentage basis also gives me confidence. I fear that regulations from the governments in their respective countries will likely hamper the progress of PetroChina NYSE:PTR , BP and Shell. The only other oil company that may have better dividends than ExxonMobil and also is an established American company is Sunoco NYSE:SUN , but I am not seeing too much potential with them, although I will reconsider my position.
Overall, ExxonMobil is likely the top major energy stock for the next few years and the one making the most developments; I won't be surprised if ExxonMobil becomes big enough for another large oil merger, especially if "Chexxon" becomes a thing.
$XOM Exxon Mobil. Bull Flag - BullishNice bullish flag breakout. Target for this breakout is $69.40 ish. Energy stocks had a good start to 2022.
(XOM) EXXON MOBILE CORP JANUARY 2022(XOM) EXXON MOBILE CORP JANUARY 2022 Is climbing and should reach resistance zone of 66.39 and may break and continue towards price 70.96
Energy stocks for high inflation era..!it seems Energy stocks are ready to finish their correction and started a new rally!
Keep them in your portfolio during high inflation times!
You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts!
Best,
Moshkelgosha
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Close your eyes and buy: XOMAt the start of the year with EV on everyone's lips I wanted to be contrarian. What is the sector that is MOST HATED in the market? Energy... specifically "dirty" energy. NYSE:XOM at the very start of the year was trading below Book Value. Through all of these price shocks to oil and a bearish energy market they have not ceased or cut their dividends. Even now at this price it still offers an above 7% yield. Unfortunately, I hesitated as now this week the bullish case seems to be known by all with new analyst upgrades coming out. I hate to do it but I started my long term position today. I'll add to my full allocation on (hopefully) pullbacks but sometimes you just have to buy the highs to get in.
Looking for a rally in Oil stocksThe market looks to be recovery today and the most interesting stocks to me were oil companies ( NYSE:XOM , NYSE:MRO , NYSE:COP ) which all exhibited morning open volatility spikes. The one I liked the most because it was at at 50% Retracement (see high timeframe below) is XOM so it fits my criteria for a long trade.
I'll be looking for a retest of the last major highs.
This is also an addon positions to a winner from the beginning of 2021 (see Related Idea).
XOM ISIN -US30231G1022 CUSIP 30231G102EXXONMOBIL is NYSE, with the common stock ownership of MECCA EXPRESS INC, holding the superseding schedule ! to date. OWNED by Garry Anthony WRight JR, yet this company is only owed by way of supporting financial baccking, by preforming fthe action for the SILVER & GOLD. Which was calculated by CME GROUP INC
XOM US30231G1022 30231G102
XOM resistance playXOM is testing a major resistance, and by the looks of premarket, we are pulling back slightly. My thoughts are a pullback before a break out over resistance. Look for resistance to act as support before making a trade. I'll be looking at calls if this happens. I likely won't be playing puts on this.
Guidance Looking for someone who can point me in the right direction on learning Pine. I've been trying to find some resources but nothing has really come out yet for V5.
XOM - Bump and Run ConfirmedXOM weekly shows Bmp and Run pattern confirmed. Good buy-and-hold opportunity here. Target $90
Xom Trade Opportunity There are several ways to play this, calls to play the breakout of the channel and stop loss would be under the trend line on the 3 month or puts for the rejection of the top of the channel and enter after the trend line on the 3 month breaks. Stop loss would be 65 or over the top of the channel
Go to the moonThe paper starts its upward movement, the fundamentals are good. A large buyback usually increases the value of the stock, oil is holding at a good level. Targets are marked on the chart. If resistance levels are broken through. Long-term trade.
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XOM XOM may pop on earnings today. Oil and Gas, still a hot sector.
Not investment advice. Educational purposes only.
Cup and HandleAppears Oil is pulling back so I am watching a few. This is the one I own though.
This is a yearly cup and handle. If price breaks any longer term highs, then a new pattern could form. I suppose a lot depends on the cyclical environment that oil lives in.
Cup and handles are calculated using the cup depth. Subtract the cup low from left side (sell side) high and you can use this for calculating fib levels. Some, like me, use the .386, .618. and .786. You can also just multiply the depth by 0.39, 0.62 and 0.79 if you are not an exacto type personality (o: Add these levels to long entry level which would be a tad above the left side high to clear resistance. I often use 10 to 15 cents above the left side high, unless it is a super expensive or a very volatile stock. This was an inverse head and shoulders earlier so the head of that pattern is the cup low.
There was a bullish divergence near cup low which has probably realized it's gain at this point.
This may pull back a bit more.
No recommendation.
True patience is a virtue that few posses when it comes to their wallet. Sometimes sitting on your hands pays off (o:
XOM: Correction incoming!We saw XOM gone up since my previous analysis but now it's forming an ascending wedge and might come down a little. The MACD and RSI also support this to some extend. Could it go a little higher before the drop? sure but the target is there. Check it out.
Best Oil related stocks in the past 50 days..!This article compares the performance of Oil-related stocks, which shows Occidental, ConocoPhillips, and Valero outperform others..!
Higher oil prices will push prices higher in the next 3-6 months.
A Great Long? Or More Downside?This could be completion of wave 1-2 which would in theory mean we're at the start of a new uptrend (Wave 3) which would last for quite some time and see prices making new highs.
EOY Estimate for XOM based on Multi-Year Fibonacci RetracementsThis is my EOY estimate for XOM as it follows a strong retracement along the fibonacci measurements. Look for a new high for XOM by the end of the year.
