3/13/22 XOMExxon Mobil Corporation ( NYSE:XOM )
Sector: Energy Minerals (Integrated Oil)
Market Capitalization: $359.517B
Current Price: $84.92
Breakout price: $83.00 (hold above)
Buy Zone (Top/Bottom Range): $82.90-$77.15
Price Target: $85.00-$86.20 (Reached), $98.00-$100.00 (2nd)
Estimated Duration to Target: 50-52d
Contract of Interest: $XOM 6/17/22 105c
Trade price as of publish date: $1.25/contract
XONA trade ideas
Shorting Exxon. XOMGoals 73, 72, 70. Invalidation at 88.
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
Exxon mobile cool off.Exxon shares are trading lower Wednesday as oil prices pull back following recent strength. Oil stocks have been gaining in recent weeks as a result of the Russia-Ukraine conflict and a resulting U.S. ban on Russian oil imports. Exxon Mobil was down 5.88% at $82.62 ahead of the close.
The stock broke above the $63 resistance and has been flying since the break above. The stock looks to have found some support near the $75 level; this area may become support again in the future and could become a long-term area if it can hold as support multiple times.
The stock trades above both the 50-day moving average and the 200-day moving average. This indicates the sentiment is turning bullish, and each of these moving averages may hold as an area of support in the future.
The Relative Strength Index has been pushing higher and now sits at 71. The RSI is in the overbought region and is showing the stock is seeing much more buying pressure than selling pressure. If the RSI can stay in this area, the stock may continue to push higher.
Exxon Mobil is seeing a strong period of bullish momentum as oil prices have pushed higher. This strong bullish push is likely going to see a period of consolidation for a time before the price pops again.
Bullish traders want to see the stock fall back to support before possibly entering.
Bearish traders are looking for a break below the support to see a possible move down toward the next area of support near $63.
Is DCA method fool proof ?I am frustrated when I read comments on social media when Financial Agents are saying to do Dollar Cost Averaging to their clients and not to time the market.
I picked this stock, XOM which was Warren Buffett's favourite stock once upon a time. Had you done your DCA method from Jul 2002 to Jul 2014, a period of 12 years, you would have made a tidy profits of 243% (average of 20% per year which beats S&P500)
On the contrary, had you been advised by a FA or listened to the crowd without doing any due diligence, your portfolio is definitely going belly under. Coincidentally, you are buying at the peak of XOM and buying more when it begins to slide further. Your loss would be around 71% if you continue to hold to current period.
So you see, my friend, do take others advice with a pinch of salt. As I have said umpteen times, nobody should manage your money better than you. You and only you are responsible for your money.
Over the last 6 years, not only had you lost your capital, incur a huge loss but more importantly, had lost a great opportunity to compound your capital for a higher returns. To compensate this loss, you will need to do the following
1. cut partial loss, transfer part of capital to better deployment
2. wait for XOM to recover to your purchase price, stop all DCA
3. increase your capital deployment to other assets to make up for the loss
By learning to draw simple trend line (blue dotted line), one can see there were several failed breakdown (mark in orange) before it eventually break down in 2018.
If you have not learn to short sell, by looking at the chart, you would know to avoid buying this stock and move on to better opportunities. Such is the simplicity and power of using trend lines.
Buffett's tactics
Patience! Patience!! Don't run. See how big the bags under my eyes are?
The sparrow tactics
The bird asked her mother, "How do I do if I don't have enough to eat?" A few more flights,
Ten back and forth, you can eat more than 20 grains of millet, which is called many a mickle makes a mickle!
Leading tactics
Haven't you heard the big boys in the gang call them Alpha Dragon? Follow the dragon if you want!!
Bottom tactics
Xiao Ming invested in the house, thinking that he would make two sets in a short time.
10 years less struggle!! Clever!
Analyst tactics
Stop chasing! You're about to fall!
True love life, away from blind bottom fishing!
Dozen face again, if early buy can earn how much money??
XOM coming in hot!$XOM coming in as a hot commodity right now, with the possibility of banning Russian oil in the US and other allied countries.
left the other oil producers to be on the hot list for possible back up producer to counter the banning. for the people who doesn't know,
Russia is the 3rd largest oil and natural gas producer in the world. with the banning being imposed, this will take a toll on most countries
who relied on Russian oil and gas making a possible world wide shortage of oil and natural gas if the other oil producer can't keep up.
Day trade or scalp target play: 03/ 08 /22
Buy call above 85.06 sell at 86.36
Buy puts below 83.67 sell at 81.74
Hello everyone,
welcome to this free technical analysis . ( mostly momentum play )
I am going to explain where I think this stock is going to go over the next day or week play and where I would look for trading opportunities
for day trades or scalp play.
If you have any questions or suggestions which stock I should analyze, please leave a comment below.
If you enjoyed this analysis, I would definitely appreciate it, if you smash that LIKE button and maybe consider following my channel.
Thank you for stopping by and stay tune for more.
My technical analysis is not to be regarded as investment advice. but for general informational proposes only.
Exposure to Flying oil prices..!Entry: The market opening price
Stop loss: 74
Reward/Risk: 2-2.3
Target range: 105
Time Frame: 4-12 wks
Possible gain: 20-25%
Possible loss: 10-12%%
Position size: 5% of trading capital
You can see the most important support(green line) and resistance (red line) levels.
Best,
Dr. Moshkelgosha M.D
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
LongIdeally I would like to see the price pulling back towards the trend line before entering ! The move is quite extended and would expect a pull back ! Anyway it is a great stock with a nice dividend if you have to sit on it ! As I believe that oil will probably go back to the $100 in the next few weeks or months, I would expect Exxon to keep doing well!
$XOM hot commodity!$XOM has been one of the hot commodity for the past the few months. gas prices keeps surging up and up due to various reasons.
for now, oil started to cool down after hitting the ATH and continues trend lower below ema line for the past few days
for momentum move. although its started to pulls back, there's a possibilities that it might bounce back up due to war conflict
between the two countries Ukraine and Russia. once the war is officially started the oil might start move again due to possible high demand.
overall, the market is still very bearish and specially the tech market. please trade cautiously.
Day trade or scalp target play: 02/22/22
Buy call above 76.90 sell at 78.90
Buy puts below 76.10 sell at 75.31
Hello everyone,
welcome to this free technical analysis . ( mostly momentum play )
I am going to explain where I think this stock is going to go over the next day or week play and where I would look for trading opportunities
for day trades or scalp play.
If you have any questions or suggestions which stock I should analyze, please leave a comment below.
If you enjoyed this analysis, I would definitely appreciate it, if you smash that LIKE button and maybe consider following my channel.
Thank you for stopping by and stay tune for more.
My technical analysis is not to be regarded as investment advice. but for general informational proposes only.
Channel UpSteep channel up with trendline broken.
XOM has gotten some mileage out of the cup and handle and the inverse head and shoulders underneath it. There was also a descending triangle that broke to the upside before the channel up formed.
I usually keep a few shares so I can keep an eye on it.
Most of oil, for example, FANG and EOG, have rising wedges under price, or a pattern that looks to be setting up for a pull back.
The price of oil has not moved down significantly that I know of, so I suppose it is just time for a pull back.
Maybe there is news I do not know about, like this country is planning to produce more oil again or something? I do not think we are using less oil than we did last year so I doubt shutting down most oil production in the US helped improve our air quality or climate change etc. It seems we just buy our oil from other countries versus producing as much here? )o:
Let me know if you know and news on oil, but a steep climb up like this is bound to pull back eventually.
The moving averages are still in tact.
No recommendation.
“The difference between playing the stock market and the horses is that o
Ticker: XOM - 2/14/22 - 4 Hour Ticker: XOM - 2/14/22 - 4 Hour
🟢 Safe Entry Confirmation: 80.21 Break, retest and hold of structure with momentum
🟡 Scalp Target:80.32, 80.50
🔴 Daytrade Target: 80.60
🟣 Swing Target:80.80
💀STOP LOSS/Trigger for puts: 80.00
📝 IDEAL CONTRACTS:
RISKY DAYTRADE: 82 XOM 02/18 (Mental SL)
MEDIUM RISK SWING: 80 XOM 02/25 (30% SL)
GAMBLE: 85 XOM 02/18 SQ P 1/14 (SIZE FOR 0)
💡Notes: Falling wedge hold above the 50 moving average (red). Volume at the bottom is increasing bar after bar. Liquidity secured from downside + BOS. Looking for continuation if price can hold 80.21 with sos (signs of strength). Puts break through 80 with momentum to grey key levels.
XOM- USO oil overdone!The oil trade has the masses crowding the same trades banks and energy up 26% in 5 weeks. Considering the economic data, the start of a bear market, slowing economy, possible rate hikes and the shift to EV oil got way ahead of itself and I would expect a 12-15% correction in the coming weeks. Some would look at this chart and call a breakout, I think an 8 year high in oil going into a slowing economy is reminiscent of 2008 when oil hit $151 intraday was a blowoff top, the same time Goldman Sachs was pounding the table predicting $250 a barrel oil, within a couple months later oil hit $35. I think as usual the crowd is wrong here and I am usually a contrarian on everything! BTW, Feb 9th is XOM ex-dividend date so likely the stock will remain artificially elevated until then. GL