Will OXY break out of this huge flag? What's the next stop $80?
Needs above that 73 and this could be headed back towards its ATH and more If dips ever appear and this trades sub 50's load it. Buffett likes it, so do I all you need to know
OXY waving a huge flag. I'm not saying you should buy it. I'm not saying that WW3 is possible, I'm not saying that gas prices are going to go up, I'm not saying that Europe is facing a cold cold Winter. I'm saying you should do your own research.
Sell Stop 64.36 LMT 64.36 GTC Buy Limit 48.07 GTC Buy Stop 71.24 GTC OXY daily bearish hammer at Fibonacci 50% retracement beginning if wave 3 downtrend.
As many of you know, this week Warren Buffet increased his stake in the oil and natural gas company Occidental Petroleum Corp. (OXY). Warren Buffett’s holding company Berkshire Hathaway now owns about 21% of the company. In light of Warren Buffet's purchase, I analyzed the chart of OXY to see what he or his analysts might be seeing. As I'll explain below, what I...
Definitely in phase 3 - distribution. Could create a triple top but I'd be careful with energies after this rally. I'm going to short below the volume shelf and below 50 MA (red). Today we might have a bounce.
It is time to put Oil on your radar for two reasons. One thing that is really striking is how the stores are already selling completely out of water this weekend, after visiting 8 stores and coming up empty handed. BUT, how will the country be faced with gasoline shortages as mass panic begins to strike into the human mindsets, fear, and much more. Especially...
On the 4H OXY is in a long up trend in part supported by the buy of Mr. Buffett In the intermediate term as shown on the chart, it is in a slowly rising parallel channel while at present it is at the bottom of the channel sitting on the POC of the long term volume profile and near to the lower Bollinger Band. I see this as a buy low sell high opportunity, The...
I shall see yall at 195 to where this will next find itself as a buy.. for now . NO! 305 is monthly resistance on TSLA , i went short on it today there.. expect 195 to buy the stock and receive a valuable bounce that can return some profit. Hope you have been careful as I've stated.
The terms "bullish" and "bearish" when used on Twitter and TradingView and in the media are more or less just poorly positioned synonyms for "going up" or "going down." Yet, it's a misnomer because some of the craziest pumps you'll ever see are during bear markets, and some of the craziest dump-a-thons you'll ever endure are during the most parabolic bull...
NRT an oil trust stock, is up 75 % for the year despite global challenged market. It is in the middle of its trading range for the past 12 months. Given the situation in Europe and lack of Russian oil in the free global oil market. I see this as a long-term swing play on energy with upside heading into the European winter heating season. With the RSI between...
OXY as shown on the chart is still in a megaphone pattern. Horizontal resistance red line is the all time highs of Spring 2018. In the past several trading sessions, spot oil has dropped from $96 to $87. The MACD indicator which is lagging shows the K / D cross over the histogram. Accordingly, OXY is now trending downward to the mid-Fibonacci retracement...
All of the fundamentals in the world tell everyone that because of mankind's insatiable requirement for oil to fuel its transportation network and electricity generation, supply and demand should result in a new all time high. This is correct. However, before this happens, the condition to be cleared first is that many unpleasant things will happen in the market...
I have been watching OXY the past two weeks and I have strong evidence that the stock will rally to monthly highs. My personal contract target is $85 September 9 Calls. Give this one more time, it has been consolidating the last week after Buffet's news but I think we have more buying to come. Notice how even when the market dropped 1,000 points last Friday, OXY...
OXY has been on fire this year and its looking to go higher. On the weekly OXY is looking to breakout of its previous high set at 73 in May. MACD is curling up and RSI is looking to go upwards as well. Very bullish closes over the past two weeks. Looking for it to hold above 75 this week before I enter.
VET like OXY is showing a great chart with consistent price action. Fundamentally, it has had great earnings reports in the past year. It rates an 8/8 on the Minervini Trend scale showing strength and duration of trend as very high. Vermillon Energy has been strong in the general market downturn. I see this as a Swing long setup with a good expectant reward...
BITTREX:USOUSD USO having retraced down from its high at resistance above its uptrend until bouncing off a retriacement Fibonacci level is now poised to rebound up until at least hitting the respective Fibonacci levels of that move. This appears to be a bullish pennant now ready for a continuation / breakout. I see an immediate term upside of 10% and...
NYSE:OXY One hour chart: NYSE:OXY In the past day, the relative volume of sellers has decreased and price momentum is gradually increasing despite the general market reaction to federal economic news. The flat bottom triangle breakout suggests sellers are capitulating on pricing given current circumstances. The RSI Oscillator is in a mid-range suggesting...