SELL Signal on EXXON MOBIL
Hello everyone,
My name is Abdessamad, and I've been posting my ideas on the stock market for a while. I've come to the conclusion that my strategy is working, with a success rate of over 70%, especially in investment and swing trades. You can find a record of my ideas in my profile.
Now, let's discuss ExxonMobil Corporation. First and foremost, as a technical analyst, my strategy is based on volume and price action. I've observed a significant breakout from a bearish channel with a substantial increase in trading volume. This suggests that this stock is likely to return to its initial trend level around $100.
Now, let's talk about risk management. This trade has a risk-reward ratio of over 2, meaning you stand to gain more than twice what you risk.
I hope you find my idea beneficial, and I'll be back soon with more of my analyses.
My name is Abdessamad, and I've been posting my ideas on the stock market for a while. I've come to the conclusion that my strategy is working, with a success rate of over 70%, especially in investment and swing trades. You can find a record of my ideas in my profile.
Now, let's discuss ExxonMobil Corporation. First and foremost, as a technical analyst, my strategy is based on volume and price action. I've observed a significant breakout from a bearish channel with a substantial increase in trading volume. This suggests that this stock is likely to return to its initial trend level around $100.
Now, let's talk about risk management. This trade has a risk-reward ratio of over 2, meaning you stand to gain more than twice what you risk.
I hope you find my idea beneficial, and I'll be back soon with more of my analyses.
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