Wednesday, April 1, 2015

Annual Trading Forecast on Exxon Mobil (2015)

Exxon Mobil stock (NYSE:XOM) is very weak right now. The stock trended downwards towards the end of last year (2014), and it went further downwards this year. Things have been bearish so far.

In the chart, 4 EMAs are used and they are EMAs 10, 20, 50 and 200. The color that stands for each EMA is shown on the top left part of the chart. As it can be seen, all the EMAs are sloping downwards, signifying a serious weakness in the market. The weakness is supposed to continue as new sellers join the market, going short anytime the price tests the EMA 20 or 50.

The bull often tries to push up the price in the market, but this is countered by the bear, and therefore, any rally in this market is an opportunity to sell (unless there is a Golden Cross, which is a situation in which the price crosses the EMA 200 above and closes above it). The bull has proven to be ineffectual in this market.  A creature calls itself a hawk, but it is unable to carry a mouse or a lizard.

The accumulation territories at 60.00 and 50.00 may be tried this year.

This forecast is ended by the quote below:

“Trading and investing are games of possibility. We know from quantum physics that the universe is a place of infinite possibility. Isn’t it time that you found your own individual self and expressed that in your trading and investing?”- Mercedes Oestermann van Essen

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

Learn from the Generals of the Markets: Market Generals

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