Exxon MobilLong
XOM Long Trade
Updated
XOM has been in a range between (116-120) and (97-100) since Oct 2022.
There is a level around 103 that has been an S/R level since Nov 2023.
Currently, Price has not sustained over 103 since Dec '23 shown on the weekly chart.
Price action is forming a wedge leading to a potential breakout at 103.
Plan would be to target the upper range by May '24. Dividend is 3.5%.
Could be a chance to diversify from S&P500 in 2024.
There is a level around 103 that has been an S/R level since Nov 2023.
Currently, Price has not sustained over 103 since Dec '23 shown on the weekly chart.
Price action is forming a wedge leading to a potential breakout at 103.
Plan would be to target the upper range by May '24. Dividend is 3.5%.
Could be a chance to diversify from S&P500 in 2024.
Order cancelled
Waiting for a better entry with price action
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.