XOM Potential LT bottomAbove the 200 ma monthly and showing a good pattern to potentially test ATH's later on before a breakout.
1XOM trade ideas
Elliott Wave View Expects More Downside in Exxon Mobil (XOM)Hello Traders,
Exxon Mobil (ticker: XOM) has broken below Nov 23 low ($74.7) and opens further downside in the stock with incomplete sequence from Sept 25 high ($87.36). Short Term Elliott Wave view suggests bounce to $81.97 on 12/5 high ended red wave X. Decline from there is unfolding as a double three Elliott Wave structure where black wave ((w)) ended at $74.8. Internal of wave ((w)) unfolded as another double three Elliott Wave structure of a lesser degree. Blue wave (w) of ((w)) ended at $76.92, blue wave (x) of ((w)) ended at $80.36, and blue wave (y) of ((w)) ended at $74.80.
Black wave ((x)) is in progress to correct cycle from 12/5 high as a double three Elliott Wave structure where blue wave (w) of ((x)) ended at $77.77 and can have ended blue wave (x) pullback at 75.68 low. We expect another leg higher to complete blue wave (y) of ((x)) of the double three pattern before the stock resumes lower. We expect sellers to appear and rally to fail below $81.97 in 3-7-11 swing for more downside in the stock.
XOM- Back down to 2015 prices. Great Dividend investmentI'm always on the lookout for good dividend investments The energy sector is catching hell right now and it may be a good time to revisit some of the equities on the watch list For my dividend stocks I like to go back atleast 5 years to see trends. This may be a good time to snatch up Exxon. It has a very attractive dividend as well.
Plastic: The New TobaccoToday up for aution we have... war era industrial Crude Oil vs the 90% efficient and the downsizers
strong sell on Oil.
massive future oversupply expected and increasing money costs make oil and oil expanding ventures very weak
cannabis plastics will replace crude oil plastics eventually causing more downside for this industry
Eat organic pizza. always filter water.
Sell XOMDaily quasi bearish three/falling three method
As well bearish fakey, with gravestone doji harami pattern for the past to days...
4 hour tweezer top, to confirm bearish bias for daily short...
MACD showing negative trend patterns
Stoch heading to oversold range
Raymond James downgrade 11/20/18
ATR 1.73
S/L 79.04
T/P 74.44
R/R 1.96
Profit Trading!
Drop in XOM6 week consolidation followed by a downtrend confirmation supported by a MACD crossover suggests a further 9.28% drop by Dec 17. Bought Dec Puts.
RSI indicates there is still selling pressure and the 30 day MA has turned downward.
weekly xomthis is a walking down the hill, inside week and blood red hammer. let's see what it can do
XOM- Short swing Oil -0.21% bearish .
Looking like a classic wave structure on the wave down. Market structure on the left shows us a mirror wave up.
High risk option trades are very risky. DO not trade if you are new.
Exxon Mobil Testing Support Level as Oil Fell Last WeekExxon's stock price fell sharply last week as global market equities saw big sell-offs. During this time, oil price fell as much as 6%. This lead the stock price to test to the first major support level of the bullish channel trend.
Trade Step-ups:
Scenario One (Bullish Reversal): Price rejects a bearish breakout from the trend that span back to February. Nevertheless, it is entirely possible for price to test the next support level at around 79.00.
Scenario Two (Bearish Breakout): Price falls below channel trend, look for consolidation below 78.00.
