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$ExxonMobil(XOM.US)
With the ongoing middle east uncertainty, it was a defensive decision to add an energy name. It serves two purposes - firstly as a defensive hedge to fit the barbell strategy that I am utilising as well as an asset that has actual physical hard real assets that is easier to assign a value to vs the arbitrary values for the hot AI companies.
Still bullish long term AI but just a bit of cushion instead of just relying on cash as a primary form of hedge.
@Bridge Buzz SG
$ExxonMobil(XOM.US)
Exxon Mobil is in a huge multi year 5th wave of a fifth wave.
She seems to be in either an extended third or an ongoing fourth wave of that bigger 5th wave of an even bigger 5th wave.
Hovering at the 14.6 extension, a retreat to the 23.6 or even 38.2 is very possible.
Disclaimer: Not financial advice. Kindly do own due diligence.
@Longbridge Singapore @Bridge Buzz SG
