norok

Looking for a rally in Oil stocks

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norok Wizard 已更新   
NYSE:XOM   Exxon Mobil
The market looks to be recovery today and the most interesting stocks to me were oil companies ( XOM , MRO , COP ) which all exhibited morning open volatility spikes. The one I liked the most because it was at at 50% Retracement (see high timeframe below) is XOM so it fits my criteria for a long trade.

I'll be looking for a retest of the last major highs.

This is also an addon positions to a winner from the beginning of 2021 (see Related Idea).
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