$XOM EXXON Mobile Breakout Target
Possible breakout from tight range.
wedged between 50 & 100 ma's
Oil price rising.
$50.83 Fibonacci target
XOM trade ideas
XOM Analysis (1Hr Chart)Daily
- Bullish Channel
- Break of Decreasing Daily Volume w/ A 2.5x Volume Candle on Friday June 19th
- Increased Volume Candle Could be a Reversal Point
1Hr
- Island Top Reversal into a Symmetrical Triangle
- Bearish Momentum, but Again Looking for a Reversal from Big Volume Candle on Friday
Prediction
- A Reversal to Begin and Break Out of the Symmetrical Triangle w/ A Tight Stop Loss and Strong Potential Upside
- 1st Price Target: 54.98
- 2nd Price Target: 61.90
XOM Long but not for longNYSE:XOM
The post Corona-Crash regression is approaching the downward dip trend of past year. The intersection will coincide with the earnings so at the earnings we could see a break downwards.
But until then we might see 1 or 2 tests of the 54.20 resistance. Depending on market conditions. 54.20 was also the max of the dead cat bounce during the crash and is also close to the level of the shoulder of the last peak of Jun 20.
(this is merely a guess, it is not financial advice, etc...)
XOM - ENTRY Above Resistance at the 236@ 47.73XOM EXXON
ENTRY = Breakout Above resistance at the 236@ 47.73
1st Target = Gap fill 50.60
2nd Target = 58.63
HODL Target = 618@ 76+
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This content is for informational and educational purposes only. This is not in any way, shape or form financial or trading advice.
Good luck, happy trading and stay chill,
2degreez
Buy signal for EXXON MOBIL CORPORATION stock.The last downtrend was breached with a rising volume, RSI gives also a positive indicator since we have now a positive diversion.
XOM calls low risk high reward?$XOM is even cheaper now. If the market wasn't getting spooked it might be rallying. Could take advantage of the opportunity to scoop up cheap $XOM calls, which would allow you to have a defined max loss and could have really high upside. Currently sitting this one off due to my rule not to enter too many positions at once, but I like the risk/reward here...
sell signal for EXXON MOBIL CORPORATION StockStill the price on the way to close the price gap at $49.5, the selling volume is good, also the RSI still negative.
Sell signal for EXXON MOBIL CORPORATION StockSelling this Stock can be continuing until filling the price gap last week, RSI showing also diversion and bellow 50.
XOM about to Break OutXOM is forming Triangle awaiting breakout..
Disclaimer: Not an advice to Buy or Sell
Price above MA 50 and MA 100Price above MA 50 and MA 100, Resistance at 47.68 has been broken. Good to long at market with an initial target @ 59.00
Cancel trade if price closes below 47.00
Elliott Wave View: Further Strength in Exxon MobilExxon Mobil (ticker: XOM) shows an incomplete bullish sequence from 3.23.2020 low favoring more upside. Short term, the rally from 5.15.2020 low is unfolding as a 5 waves Impulse Elliott Wave structure. Up from 5.15.2020 low, wave 1 ended at 46.63 and wave 2 dips ended at 43.3. Wave 3 is now in progress as another impulse in lesser degree. Up from wave 2 low at 43.3, wave ((i)) ended at 47.14 and pullback in wave ((ii)) ended at 44.37.
Up from there, the stock rallies and ended wave (i) at 45.97 and dips to 44.80 ended wave (ii). Wave (iii) ended at 49.40 and pullback in wave (iv) ended at 48.16. While above there, and more importantly above 44.37, expect the stock to resume higher in wave wave (v). This move also ends wave ((iii)) in higher degree, then it should pullback in wave ((iv)) and then resumes higher again. The stock should see a few more highs to complete 5 waves up from 5.15.2020 low.
Short term, XOM still needs to break above 49.40 to avoid a double correction. Short Term target higher is 61.8 – 76.4 Fibonacci extension from 3.23.2020 low which comes at 51.9 – 54.7 area. Stock eventually has scope to reach 100% – 123.6% Fibonacci extension from 3.23.2020 low which comes at 59.17 – 63.65.
$XOM short term SHORT$XLE energy sector recovered 50%
off their recent lows...
expect retracement from current levels.
the hardest to hit the floor,
immediately ricochet the highest up;
2-3 wk PT ~$40 $XOM
EXXON MOBILEXOM
XOM is starting a Bull´s Way.
Go in with care, but surely you will earn great %.
Some values for historical objetives.
See what happen, fundamentals say that is undervalued, so might go up.
Bullish and LONG!
See you later!
XOMAnticipate XOM to head to 63 as first target, then 70 area.
Entry: current area
SL: 40
TP1: 63
TP2: 70
Exxon Mobil - XOM - Technical AnalysisNYSE:XOM
Prices are still moving sideways - it seems that there is a possibility to go short for a short term investment, if the top resistance line will not be broken.
In conclusion hold before sell for a short term investment and hold before buying for a long term investment.
