Sean HymanKeymasterDecember 30, 2020 at 10:09 AMPost 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.
Attachments:You must be logged in to view attached files.Scott PearcyParticipantDecember 30, 2020 at 10:21 AMPost 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 HymanKeymasterDecember 30, 2020 at 10:25 AMPost 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 GrahamParticipantDecember 30, 2020 at 10:25 AMPost count: 148
How exciting! Just got in this morning and I’m up almost 2% already. Very Awesome!Sean HymanKeymasterDecember 30, 2020 at 10:26 AMPost count: 5643
Awesome. Yeah, just know…near-term, it could breakout either way. Long-term, it looks great!Chad BuckParticipantDecember 31, 2020 at 10:11 AMPost 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?
- You must be logged in to reply to this topic.