XOM reported earnings Tuesday and could not break 82.50. As a result, we have a near perfect tweezer bottom located at major support. The stock has bounced 4 times from this level. In addition to the technical, we have an the following event factors working in our favor for a bullish run: dividends, less regulation proposals, and Iranian oil import sanctions.
Not sure if it will the stock will even trade lower on market open, so if the trade does not trigger Monday I will cancel.
My plan is to enter the trade using Apr17 85 Call options due to cost of position; however I do recommend purchasing stock since dividend is next week.
This is the setup:
Trigger: 1.12
Stop: .79
Target: 2.24
For stock:
Trigger: 83.06
Stop: 82.20
Target: 85.85
Not sure if it will the stock will even trade lower on market open, so if the trade does not trigger Monday I will cancel.
My plan is to enter the trade using Apr17 85 Call options due to cost of position; however I do recommend purchasing stock since dividend is next week.
This is the setup:
Trigger: 1.12
Stop: .79
Target: 2.24
For stock:
Trigger: 83.06
Stop: 82.20
Target: 85.85
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.