"Energy-stock valuations have come down this year and are below their long-term average. And many industry players are responding to investor pressure to rein in capital spending, curb supply, boost returns, and pay out more to shareholders in dividends and stock repurchases," Andrew Barry. Short-term trading opportunity on OXY.
OXY is currently in a long term downward channel and testing the bottom of it. The severe decline in price over the last few years is plummeting OXY into MAJOR support. This confluences with the downward channel, and we are likely (in my opinion) to see a trend change soon to test the top of the downward channel as long as the support holds. OXY, as well as all...
If CUP AND HANDLE condition met, expect BULLish Pattern after beginning of 2020 !! First Published IDEA!!
* Bearish Shark Pattern * Some indicators are looking bearish on D1.
ARK has had healthy natural growth until the OXYcoin ICO started and price was being driven down to reduce payouts www.reddit.com The drive ends in roughly 17 hours at which time ARK could possibly be freed and I think there could be a pretty big climb.
The oil uptrend signal finally triggered here, after OPEC agreed to cut production accross the board today. As more details come out, we might see some kind of pullback, or not, but it's clear we have to hold our long positions for as long as possible. I'm trading the swings in the short term using $UCO, and aiming to capture the longer term trend with my $OXY and...
Look guys, this is the same Fib retracement that has HELD since the Jan-Feb selloff. Do not take my word for it. Look at my previous predictions, load the new data, and see how much money was made. MPC has had a history of bucking the market. When SPX was down 2%, this was down 7%. When SPX was up 3%, this was up over 8.5%. This is a lower liquidity, higher...
just watch out for fake outs. I fell for the last one a few weeks ago, right after i posted the same idea. I fixed the boxes so they are more accurate now. I'll link my old idea if you want but you don't have to bother, this is the same one, but better.
Notice every time 55 breaks, there's a long down trend in the RSI to somewhere around 32. It's obvious that this is going to happen again, because the downtrend has already been developing for the last several days.