Welcome back to another update on Exxon Mobil. 
XOM
Most oil stocks showed impressive movement in the last week, a very long correction seems to come to an end.
Currently we are still more than 60% away from the ATH and Exxon Mobil is still very cheap to buy.
The 35% growth that we saw since the bottom of big wave 2 is very likely the first impulse of a 1-5 structure.
Primary scenario:
We are forming a solid 1-2 setup and will correct at least to 37$-35$.
From there we will start the wave 3, which will bring us to prices above 50$ or even more.
Alternative scenario:
My alternative scenario will get triggered if we break the previous high of wave 1 @42.07$
The bulls will push Exxon Mobil directly to prices above 50$ and we won't see another correcting in the upcoming days.
===================================================================================================================
If you have questions related to a specific stock or the Elliot Wave theory, feel free to contact me.
XOMMost oil stocks showed impressive movement in the last week, a very long correction seems to come to an end.
Currently we are still more than 60% away from the ATH and Exxon Mobil is still very cheap to buy.
The 35% growth that we saw since the bottom of big wave 2 is very likely the first impulse of a 1-5 structure.
Primary scenario:
We are forming a solid 1-2 setup and will correct at least to 37$-35$.
From there we will start the wave 3, which will bring us to prices above 50$ or even more.
Alternative scenario:
My alternative scenario will get triggered if we break the previous high of wave 1 @42.07$
The bulls will push Exxon Mobil directly to prices above 50$ and we won't see another correcting in the upcoming days.
===================================================================================================================
If you have questions related to a specific stock or the Elliot Wave theory, feel free to contact me.
If you should have any questions regarding our analysis or elliot wave counts feel free to contact us.
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If you should have any questions regarding our analysis or elliot wave counts feel free to contact us.
Bài đăng liên quan
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.