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XOM trade ideas

XOM, Massive Intertwined Head And Shoulder Formations Forming!Hello Traders Investors And Community, welcome to this analysis about the stock value EXXON and its current status on the monthly timeframe perspective, the massive formations which can be derived from it and what to expect from the stock the next times. As I pointed out in previous analysis the corona crisis has opened huge gaps in the economy where real economy struggling with setbacks in growth of economy, in this crisis there were winners which held strong and recovered healthily and there are stocks which did not manage to recover mainly to previous levels, not to mention that the crisis has caused a long-lasting set back in economic growth where the bearish market environment is still not confirmedly over, many people already called for the complete bullish continuation in the main market and major indices but this can not be considered currently one hundred percent for sure as individual stocks and main indices showing. Looking at my chart you can watch that XOM formed a huge bearish head and shoulder top formation which confirmed already in January this year before the huge corona breakdowns dragged the markets to the downside in February this year, the fact that XOM showed already bearishness before the corona breakdowns began confirmed them much more. In the last weeks, the stock is marginally recovering where it forms the right shoulder of the second and bigger head and shoulder formation you can watch marked in my chart with the grey trendline neckline. When this neckline is broken to the downside and the huge head and shoulder formation confirmed this will cause extreme bearish pressure and visit of low levels which are near to nowhere and therefore possible for consideration in the short-side when the neckline does not hold and the stock confirms it as support the bearish scenario will play out with a decisive confirmation below neckline. In comparison with the main market, major indices and single stock values this stock is definitely in a weaker state than the rest market although it is a stock within the large market-caps it can increase further bearishness, in a fundamental perspective the significant oil price crashes seen this year can also be a factor for the established breakdowns seen in this stock as it is connected to the oil industry which experienced supply and demand shocks before the oil price fell to zero. The next times will be crucial for this stock and will show if it can recover or fall below the neckline and more bearish pressure will follow. Together with this huge head and shoulder formation, the real oil price can be a source for contemplation where the journey is heading because when oil bearishness increases again this can affect also stocks in the industry, in this case, it is important to not deny the established bearish environment here in order be prepared for volatile downside movements and to realize opportunities possibly coming up on short-sides. In this manner, thank you for watching, support for more market insight and have a good day! Comfort and prosperity have never enriched the world as much as adversity has. Information provided is only educational and should not be used to take action in the markets.
NYSE:XOM
by VincePrince
1
Weekly Update SoloMoneyTradesOne stock I am watching, One stock I am buying, One stock I am shorting To start it off the stocks I am watching I am keeping a close on Exxon mobil. This is a stock that is ready to move with the market, but much more than the market. I am prepared to short XOM if it drops to 42.00 This stock lost nearly 2x the market during the main loss at 56 percent So in summary long at 50 dollars short at 42.00 On to the stock I am buying FSLY or fastly I showed this in a little bit more depth in another idea, but basically it has broken 52 week high once and is trying to do so again. I have been impressed with their performance as of March 13th which since then has been up over 500 percent and the last month has been up 100 percent. Buy it up anywhere from right now to 90 to 95 dollars Stop loss anywhere from 82 to 72 dollars And finally the stock I am shorting HTZ is a car rental company but has been struggling since 2018, but had an 80 percent decline during the market failure. It issued more stock on June 8th which some people bought that day and then sold the next 5 days, this stock has gone almost back to where it was before it issued more stock. Short the stock at 1.40 and take profit at 1 dollar Good luck MoneyTradingCrew
NYSE:XOM
by SoloMoneyTrades
Elliott Wave View: Exxon Mobil Pulling BackElliott Wave View in Exxon (ticker: XOM) shows that the stock has an incomplete bearish sequence against June 8 high. The decline from June 8 high unfolded as a zigzag Elliott Wave structure, where wave (A) ended at 44.75 low. Afterwards, the bounce in wave (B) ended at 49.8 as a zig-zag Elliott Wave Structure in lesser degree. The bounce reached the 100% extension in 3 swing at the blue box area. Up from wave (A) low, wave A ended at 47.76 high and wave B pullback ended at 47.14 low. The stock then extended higher in wave C, which ended at 49.80 high. Exxon then turned lower from the blue box area. The decline has broken below wave (A) low, confirming next leg lower in wave (C) is already in progress. Down from wave (B) high, wave 1 ended at 45.40 low. The internal subdivision of wave 1 unfolded as 5 waves impulse. Wave ((i)) ended at 47.24 low and bounce in wave ((ii)) ended at 48.75 high. The stock then resumed lower in wave ((iii)) towards 45.77 low and wave ((iv)) bounce ended at 48.20 high. Final leg wave ((v)) ended at 45.98 low, which completed wave 1. Pair then bounced in wave 2 and ended at 47.35 high. Currently, wave 3 is in progress, where wave ((i)) ended at 46.65 low and wave ((ii)) bounce ended at 47.22 high. Wave ((iii)) has resumed lower and near term, while below 49.80 high, expect bounce in 3,7, or 11 swing to fail and Exxon to extend lower again.
NYSE:XOM
by Elliottwave-Forecast
1
Elliott Wave View: Exxon Mobil Pulling BackElliott Wave View in Exxon (ticker: XOM) shows that the stock has an incomplete bearish sequence against June 8 high. The decline from June 8 high unfolded as a zigzag Elliott Wave structure, where wave (A) ended at 44.75 low. Afterwards, the bounce in wave (B) ended at 49.8 as a zig-zag Elliott Wave Structure in lesser degree. The bounce reached the 100% extension in 3 swing at the blue box area. Up from wave (A) low, wave A ended at 47.76 high and wave B pullback ended at 47.14 low. The stock then extended higher in wave C, which ended at 49.80 high. Exxon then turned lower from the blue box area. The decline has broken below wave (A) low, confirming next leg lower in wave (C) is already in progress. Down from wave (B) high, wave 1 ended at 45.40 low. The internal subdivision of wave 1 unfolded as 5 waves impulse. Wave ((i)) ended at 47.24 low and bounce in wave ((ii)) ended at 48.75 high. The stock then resumed lower in wave ((iii)) towards 45.77 low and wave ((iv)) bounce ended at 48.20 high. Final leg wave ((v)) ended at 45.98 low, which completed wave 1. Pair then bounced in wave 2 and ended at 47.35 high. Currently, wave 3 is in progress, where wave ((i)) ended at 46.65 low and wave ((ii)) bounce ended at 47.22 high. Wave ((iii)) has resumed lower and near term, while below 49.80 high, expect bounce in 3,7, or 11 swing to fail and Exxon to extend lower again.
NYSE:XOM
by Elliottwave-Forecast