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XOM trade ideas

ExxonMobil Shooting Star PatternThe weekly candles for the oil and gas company, ExxonMobil, look quite bearish. This could be the start of a major decline. There is a shooting star pattern forming on the weekly chart, while the oscillators are trending down and while the daily EMA exp ribbon and daily trend lines breaking down. Although anything can happen, it is looking like a major bearish reversal is occurring. It's sad that just last week all the "expert analysts" at CNBC were making strong bullish calls about energy stocks, citing "free cash flow" and numerous other reasons to buy them, all the while the charts are showing a topping pattern in energy and commodities. This is usually when tops form - when there is no bearish sentiment among anyone, and when strong hands are selling to weak hands. At least charts do not lie, and thanks to @TradingView anyone can access them alongside a plethora of crowd-sourced scripts and indicators.
NYSE:XOMShort
by SpyMasterTrades
XOM Bull ExperimentMarket corrections are like x-rays. They allow you to see truly strong assets which were previously hidden by speculative bullish chaos. At a glance, the setup in XOM looks scary, but you need to trust the wisdom of the market. The trend is your friend, and the trend is up. Look around and ask yourself, who is benefitting the most from the current economic environment? Sometimes the right thing to do is the scary thing to do. Ride it until it starts showing signs of weakness. I have no target, but will monitor this over time and provide updates if I feel it's time to jump out.
NYSE:XOMLong
by swilton
1
XOM, Cup and Handle Break out ! Long above 92.05 !XOM is beautifully formed a classic cup and handle pattern. So far, we have break out , pull back and only remaining point to safe entry is a bullish candle above 92.05. First target which was obtained by adding the depth of cup ( shown as H on the chart ) to the break out line is 104-105 USD. Please note the crude oil trend is also up therefore , it is reasonable for energy stocks to go up. In terms of Elliott waves, XOM may see much higher prices especially in long terms . I will publish my broader view for the stock later and propose my wave count and related long term targets ( s.th close to 200 USD !! ). For now, I just tried to keep it as simple as possible. Wish you nice profits.
NYSE:XOMLong
by SaeedSajedi
11
$100+ price target by September '22NYSE:XOM Classic 5 wave pattern forming beginning in about Nov. 2020 Oil and Natural Gas supply disruptions will keep pushing price levels higher if demand doesn't wane + Overall Inflation will continue to drive equities prices higher unless the Fed tightens at a faster rate than anticipated + The seasonal gas transition will likely compound price inflation during the summer months of 2022 _______________________________________________________________________________________ $100+ price target by September '22 Disclaimer: I am not an investment professional and nothing on this page constitutes advice
NYSE:XOMLong
by Mr-Juma
XOM - Blow Off UTAD ?XOM appears to be entering the blow off top phase of this enormous rally since 2020 lows. 1:1 fib extensions taken from the low and the thrust candles give targets of $109 and $112, however using 1.13 overshoot ratios could see XOM get as high as $124. If it did get there it would touch the upper trendline of this long expanding pattern from 2008 of which appears to be itself a very long Wyckoff distribution pattern which would eventually see XOM return to much lower price along with USOIL. Worth noting that the 2020 low was the first time XOM has fallen below the 200 month MA. Prior to that all price action had been corrective to the upside since 2008 top. Down the road I very much expect XOM to touch the lower trendline and there is also an enormous gap at $32 that may fill at some point. This may provide a good entry to buy. That said if this is a very long breakdown pattern and if XOM did top around somewhere between here and $124 then a 1.618 extension from the 3 significant pivots since 2008 would see XOM return to around $16-19. Put IV is very low and a trade could benefit well from IV expansion. Not advice.
NYSE:XOMShort
by dRends35
14
Exxon Mobile is Parabolic The price increase in Crude Oil and energy stocks since March 2020 could be the fastest in history. Exxon Mobile (XOM) within the prior 20 - months has risen at an angle of 77%. The most dynamic phase of XOM's 2002 to 2008 bull move occured from July 2003 to March of 2005, the angle was only 67%. The current powerful advance implies the bull market could continue for at least several months. XOM is nearing its all-time high of 104.61. If it can move above this top its possible XOM could within one year reach 150.00.
NYSE:XOMLong
by markrivest
5
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 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
NYSE:XOMLong
by Saxo