XOM trade ideas
5/10 XOMThink I posted XOM last week, and I took profit last Friday on my options (more secured in short-term)
(1) this is a weekly chart one
(2) I see WTI oil will rally up again in mid-to-long timeframe
(3) XOM just finished wave 4, aiming higher to wave 5 (66-72)
(4) TAKE A LOOK IN DAY CHART, it could either go to my target price next week, if not, we will see a good CUP AND HANDLE entry zone again.
(5) IMO, you can also consider uso, gush, oxy and others. oxy vs xom is like all vs dal/luv to me.
Technical analysis update: XOM (8th May 2021)XOM currently shows very high correlation with oil price. This coincides with our bullish outlook for oil prices. Furthermore, technical analysis of RSI and MACD remains bullish. We also see buildup in volume. Because of that we would like to upgrade our short term price target for Exxon Mobil to 65 USD per share. We believe that XOM will break above resistance at 62.55 USD during the next week. We view this as possible catalyst for move up.
Disclaimer: This analysis is not intended to encourage buying or selling of any particular securities. Furthermore, it should not serve as basis for taking any trade action by individual investor. Your own due dilligence is highly advised before entering trade.
XOM breakout coming!!! Retest old high. US opening up for travelNYSE:XOM
Demand for travel and vacations will cause xom to recover. Still below pre pandemic price
$XOM with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $XOM after a Negative over reaction following its earnings release placing the stock in drift C
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Exxon for a new run to new highsExxon and oil looks bullish. Inflation would also be profitable for this stock...
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.
