Dec. 25 at 1:19 PM
Actionable Trade Alert for
$XOM:
Market Context:
$XOM is currently trading at
$119.22, showing bullish momentum with an RSI of 56.4, indicating potential for further upside. The stock is above both the 30-day (MA30: 117.37) and 50-day (MA50: 116.3) moving averages, suggesting a positive trend.
Directional Bias: The recent price action is near the 60-day high of
$120.81, indicating strong resistance. However, the RSI suggests that the stock is not overbought yet, allowing for potential upward movement.
Trade Plan:
- Suggested Entry:
$119.50
- Stop Loss:
$116.50 (approximately 2.3% below entry)
- Take Profit Targets:
1.
$121.00 (1.25% gain)
2.
$123.00 (2.09% gain)
3.
$140.00 (17.38% gain)
The third target offers a substantial ROI while remaining within the recent high-low range. Monitor closely for volatility as indicated by the ATR of 2.11.
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