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  • Sean HymanSean Hyman
    Keymaster
    Post count: 5643

    Last night, in the latest newsletter, I gave my long-term outlook on XOM. Today, here’s a potential near-term outlook on its hourly chart.

    Its been in a 5-wave sideways pattern in the near-term and its going to breakout fairly soon (hours to days, most likely). Once that happens, it could have a concerted move in either direction. But ultimately, it should head notably higher.

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    Steve KenagySteve Kenagy
    Participant
    Post count: 36

    In @ $42.13

    Sean HymanSean Hyman
    Keymaster
    Post count: 5643

    Awesome. Good job!

    AvatarScott Pearcy
    Participant
    Post count: 436

    I hope that it takes a healthy dip so we can get at least one average down to execute…..I am in at $42.16 and my average down limit orders are already placed!!

    Sean HymanSean Hyman
    Keymaster
    Post count: 5643

    Yep, agreed. It would be nice. We’ll see. If it breaks out higher near-term, it still could have a future a-b-c pullback that tags an averaging down level. We’ll see.

    Congrats!

    Robert GrahamRobert Graham
    Participant
    Post count: 148

    How exciting! Just got in this morning and I’m up almost 2% already. Very Awesome!

    Sean HymanSean Hyman
    Keymaster
    Post count: 5643

    Awesome. Yeah, just know…near-term, it could breakout either way. Long-term, it looks great!

    TanyaZTanyaZ
    Participant
    Post count: 59

    bought in @ $41.63

    Sean HymanSean Hyman
    Keymaster
    Post count: 5643

    Good job!

    BekkaBekka
    Participant
    Post count: 313

    $41.69

    Sean HymanSean Hyman
    Keymaster
    Post count: 5643

    Awesome!

    AvatarRickZ
    Participant
    Post count: 7

    In at 41.31.

    Sean HymanSean Hyman
    Keymaster
    Post count: 5643

    Great!

    AvatarChad Buck
    Participant
    Post count: 4

    Those that are still having to hold old oil stocks (RIG and OVV) and also have USO and XOP. Should we wait to get in to the new oil pick or continue with more exposure in the sector?

    ScottScott
    Participant
    Post count: 178

    Got XOM at $41.38 thanks.

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