OXY - Strong potential for bullish mean-reversion

Sep 17, 2025

OXY is looking at a potential break to the upside and likely to see strong bullish upside as bullish marobozu is testing the bearish gap resistance zone. Furthermore, the stock has also broken out of the downtrend line. Long-term MACD is back in action as both MACD/signal line is rising steadily from the bottom and histogram is positive. Volume remain in a healthy expansion. We expect the stock to reach 55.38 and 80.00 over the longer-term period.

Oct 21, 2025

Trade closed manually

Broken below the ascending triangle