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
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.