dchua1969
看多

The rise of Exxon Mobil

NYSE:XOM   EXXON MOBIL CORP
First, I look at the monthly chart, it shows me a bullish trend from day 1. Again, don't cry over spilt milk, why didn't I put $100 in it when it was $1.78 in 1969 , some 40 over years ago ( if you are in that era). Good if you are still holding, congrats! A multi-bagger.

Next, I zoom into the weekly chart and I identify a nice ABC pattern with C partially forming. This is the opportunity for me!
If you look carefully, the peak of the C pattern touches the peak of 104.64 in 03/03/2014 if it hits.

Day chart tells me the price action is still bullish with a hammer as the last closing candle. Moving to a lower time frame, 1H chart shows me that there is a gap down last Friday. There is a gap between 82.99 and 83.95 awaiting to be filled. If that happens, it will bring the price action above the 21EMA, a confirmation that I like to see. I have mixed results with gaps, sometimes it close the gap within hours and in some cases (see EURUSD             ), it takes weeks and is not closing yet.

On closer examination, using the FIB level also shows me there are several times that price actions is rejected in the 83.90 zone which is nearly hitting the 50% FIB level. That explains the current price action being gap down which also means that there might be a possibility of the price to fall to the 0.236 FIB level or 80-ish mark on the price.

I would be awaiting for 2 things :

1. price gap to be closed first
2. see if price falls to 80's level and rebound

See my chart on USOIL             and XOM             for further explanation

評論: Nice breakout, retrace and continue uptrend
ZH 繁體中文
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
AR العربية
HE עברית
首頁 股票篩選器 外匯篩選器 加密貨幣篩選器 全球財經日曆 如何運作 圖表功能 網站規則 版主 網站 & 經紀商解決方案 小工具 圖表庫 功能請求 部落格 & 新聞 常見問題 幫助 & 維基 推特
概述 個人檔案設定 帳戶和帳單 我的支援工單 聯絡客服 發表的想法 粉絲 正在關注 私人訊息 在線聊天 登出