OCCIDENTAL PETROLEUM CORP

.

OXY is eaching its previous low point and MACD, CCI and BB are are low point. There should be a short term bounce.

it's buy time

My current view for OXY

I'm buying dips in this stock, awaiting a rally after the OPEC meeting this week. A good cue is if we don't hit 66.92 within the next 3 days, so, keep your eyes open to start accumulating positions, and perhaps taking some profits if you're already long and get a sharp rally to the top of the range once more. If that fails, we might see the stock fall lower, but ...

Rectangulo OXY velas 1d

Rectángulo acción OXY velas 1 D entrar posición en largo.

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.

rose to resistance...next week could be a big change

www.stocksetups.com

Analysis on chart

Notes on chart

Notes on chart

Pullback Status: Took off watch list for several reasons. Point system: 1 = meets criteria, 0 = fails or not applicable Total points: 6 Horizontal S&R: 1 Channel S&R: 1 MA S&R: 0 Pearson's R >= 85: 0 Price Pullback Fib >0.3802: 1 Next Earnings date: 10/28 Favorable EPS: 1, beat Favorable Rev: 1, beat Short Float: *stop 1 atr below swing low. ** first price ...

Updated notes on chart

Update

Looks like a simple AB=CD has nearly completed and price appears to working on a base.