$XOM — LONG
First pause after breakout. First major higher high in a long time and now forming an higher low. Also a double bottom bull flag. Will benefit from higher oil prices.
Entry: $151
Stop: $124*
Target: $200
Target is 2X risk. That means the trade is mathematically profitable even if target is only reached 34% of the time. I believe the odds are significantly better here.
📌 Final Note
These updates reflect structured trade management and probability-based analysis, not financial advice.
Risk management and position sizing remain the foundation for long-term survival.
*If your stop gets hit, the loss should only equal 1% of your account. Calculate your position size accordingly.
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