---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/100000000861043.md"
description: "$ExxonMobil(XOM.US)Context:Exxon Mobil is one of the stocks I use to balance my high beta tech stocks amongst others. They tend to move up when tech moves lower and move lower when tech moves higher. What I use to generate some alpha rather than hold cash which stagnates. Having said that, cash is still an important tool to hedge. My trade:Closed - Oil seems to have completed five waves off the bottom and a pullback seems imminent.Takeaway: The pullback will determine position. A languid three wave pullback into the typical wave 2 Fib levels favours a third wave whereas a sharp impulse down past 76.4 shifts probability towards still an ongoing bigger 4th. Price action at 200MA around the 142 level will be telling."
datetime: "2026-08-19T12:21:38.000Z"
locales:
  - [en](https://longbridge.com/en/topics/100000000861043.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/100000000861043.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/100000000861043.md)
author: "[ZJJJJJJ](https://longbridge.com/en/profiles/27785656.md)"
generator: "portal-rs"
---

# $ExxonMobil(XOM.US)Context:Exxon Mobil is one of t…


### Related Stocks

- [XOM.US](https://longbridge.com/en/quote/XOM.US.md)

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**