Trade Global ETFs with Unum Capital.
To get started, email lester@unum.co.za
Code: XOP
Text as per the image below:
HIGH RISK BUY IDEA therefore small-than-average position sizes may apply. The ETF has been sold off aggressively and is currently in an oversold range as well as approaching the prior swing lows. This may be a RANGE to starting building a buy/long position with the expectation that a base can be developed over the near term followed by a potential bullish reversal from the neutral or oversold conditions. Traders can consider starting an accumulation phase at current levels or lower (possibly with a 1/4 of the position and add if/when it trades lower). As always, traders could consider the following if/when the prices approaches the target: bank/take profit, partially scale out, adjust the stop-loss to protect profits. Time stop: 06 October 2025
Trading Levels
Suggested Entry: $119.73 or better/lower
Target: $142.00
Stop-loss: $102.00
XOP ETF Model Reading as of 21h01 (Thursday 06 March 2025)
Lester Davids
Analyst: Unum Capital
Comments