For long-term holds, you usually have to zoom out. As I've been saying, $XOM was on the verge of a breakout and this MONTHLY chart confirmation above the MAJOR monthly inflection level. And no, it is not just a 'wick' off a candle (like has happened before). This is a full green candle to start off the month of January. On the basis of the monthly chart, the close in January will eventually confirm if the 3-year coiled spring will finally explode to the upside! And considering this is the first trading day of the year, where last year's winners are sold (delaying capital gains tax) and where the next best winners for 2026 are bought, this is another great signal. Regardless, I've been buying this in my Non-Reg since Q4 of 2024. I have also made this my first buy of 2026 (as per my previous post) to supplement my TFSA dividend growth portfolio. And the funds came from my massive profits in $MSFT when I bought it at undervalued levels. I'll let you know how this plays out by year-end! Side note: My buys of XOM will continue growing as the year and trend progresses. In the meantime, I will collect the lovely dividend.
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1 Comments
Kaleb @pumpedupkyxx · 9mo
You’re buying a beast! 🏆
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