OCCIDENTAL PETROLEUM CORP NYSE:​OXY

Daily chart doesn't show & tell as much as 4Hourly does. Neg MFI divergence to compliment a break of 20 EMA + bearish 20 crossover of 55MA (low). Candle pattern towards top is like de ja vu all the way back to late Jan. OPEC meeting coming up so I'm sure that'll add to a temporary panic sell, but OPEC potentially planning to increase production so depending on the ...

Upward channel

Need to look for these type of patterns on daily and weekly, to always keep big picture in MIND and then trade smaller picture of each stock chart.

oxy

LONG

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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

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Analysis on chart

Notes on chart