EuroStockOption

OXYt strategy

Short
EuroStockOption Updated   
NYSE:OXY   Occidental Petroleum Corporation
Short term trade set up to hedge long position, ex-dividend date may trigger sell off.

While price made a higher high, RSI set another negative divergence.
Also noting buy volume is getting thin.
In EW terms, this rally off the June low seems to be corrective 3 waves.

Contra argument: neckline around 57-58, coincide with huge volume profile wedge , may provide strong support.
Trade active: looking for support around 63, if not hold first target around 50.
updated daily chart: tradingview.com/x/2LP3hNCl/