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Strategies & Market Trends : Underexposed Technical Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Underexposed who wrote (395)	8/5/2019 11:12:41 AM
From: robert b furman	Read Replies (1) \| Respond to of 914

Hi U.E, US Thank You for your prompt and thorough response. I accumulated my initial position in XOM during that drop below 70,and have been very happy to collect the 5% plus dividend. I had hoped that XOM's price would revisit that level for an additional position add. I sold some $67.50 November puts for $2.50 today. Hoping that they would get assigned to me, for a net purchase price of $65.00. That provides a dividend yield of 5.35% - I'm OK with that for a long term buy and hold. If it drops below that, I'll drip it and accumulate more shares - to increase my dividend revenue flow. I've been building a dividend revenue portfolio for 4 years now and have been adding energy stocks this last year. If we have a protracted trade war, I've added stocks that people will NEED to buy their products from in the course of just living: telco's,natural gas pipelines, and lately XOM with their large proven resources both upstream and downstream as well as petrochemical plants. If price actually gets to below $65.00, I'll use some dividend funds to just buy the stock and hopefully sell some 60's to help pay for the shares. That's my plan anyhow. Just a sincere note of "Thanks and appreciation" for your excellent views. You've just added another tool for timing with your Macd/BBwidth pinch. I've always used and relied on Macd. You pointed out BB width as a new oscillator when you first started this forum. Thank you for your generous view and knowledge!! Bob

To: Underexposed who wrote (395)	8/12/2019 5:40:28 PM
From: Underexposed	1 Recommendation Recommended By Blasher Read Replies (1) \| Respond to of 914

Update on XOM after almost a week. Hi Bob, I thought I would update the charts on XOM and comment on them Well things are really going bearish for the stock potentially now. I have coloured that inside band orange because in fact that band has been breached. the blue circle shows today's closing price at $69.61. So technically it is a breach but it could pull back tomorrow... the share price would have to drop below $69 before another zero is added. The column SMAs are showing increased bearishness as the blue line diverges more. Well... that pinch looked like it was completing a few days ago.... but it did not happen. The MACD has resumed its decline and the BBWidth has resumed its climb... The Slo sto tried to get above 20 but failed and is in a slight decline again. The share price made a normal attempt to reach for the 20day SMA... but that has failed. All this indicates the previous few days were just a rest... we are back on the bearish track again There is NOTHING bullish in this chart...The share price did not reach the Par Sar, the Force (30) is in decline as well as the RSI (30).... the DI +/- is diverging Bearishly Conclusion I think you are going to get your wish for a fall to $64 (the next support). Whether the fall will end there cannot be determined at this time... We shall just have to wait and see. UE