Oxy respecting long term trend line, over the point of control, with thin volume nodes above, TTM squeeze fired long on the daily time frame, which averages 8-10 bars. These combined bullish signals indicate very little resistance in the near term. Chart shows a glide path to $69, with an overall technical price target of $80
Hello my friends, today I wanna share you some conclusions that I found about OXY. At the moment OXY price trades near to the raising wedge bottom. Though USOIL currently bounced up but I think there's a counter-trend decline to OXY. I expect that price can break the wedge and make a little correction to the bottom of wedge and then start to fall. And I think...
Predictive charting -- would be fun to see this play out ,, sell off into summer .. summer rally into EOY.
Looks like $OXY is in the mix of a bullish divergence. So lets dig. Look at the lower low on the price it is sharp. It needs to rest the oscillator. Here is the thing, if we can hold above the 0 line on the MACD and start to open up we can see the ticker really run. Bull Case we have a divergence forcing the gap up. I am looking that if there is a gap fill to...
Oops. GG… Broken down of the support and Head & Shoulder formation. Technical indicators are aligned for more downside too. Wait for the week to finish the candle… I do not see much upside at this point.
Occidental Petroleum Corporation looks like it wants to fill the Fair Value Gap below current PA. 2 scenarios: A: Price disrespects Bullish OB and drops, or B: Price respects Bullish OB and push higher into Fair Value Gap (~65$) and drops from there. There's a lot of targets below the current PA, but lets focus at the first one: 50$ ~ -20% from Today's...
Thought I would make a video on a really simple and integrated way to help you record why you took a trade and what the chart looked like at the time without having to publish it. TradingView Notes allows you to take a screen capture of the chart as well as your indicators and drawings being used at the time and easily recall them. Well worth using if you want...
$OXY about to Death Cross for the 1st time since 11/2018 and approaching the bottom of uptrend that's been holding since 3/2022 Calls over $64.02, $65.96 Target $64.54 Puts under $61 Target $60.75, $59.73
Running Low On OXY? I believe we will be "running low on oxy" over the next few days or weeks. A head and shoulders pattern was identified on the daily in confluence with 2 rising support trendlines. OXY broke below the neckline of the head and shoulders pattern on Friday, February 3, 2023. Furthermore, the daily chart shows an increase of sellers at the break...
Cross trendline. We will see maybe very big sell in next week.
$OXY Trade Idea Bullish Engulfing and close above 50EMA on daily Calls over $66.02 Targets: $67.05, $70.25 $Puts under $63.78 Targets: $62.94, $62.22, $60.75 NYSE:OXY
price boucning off support expire right before earnings going for credit spread as risk of non volatile period to earnings - reminder to self - check volume, spread and open interest of options - check major news event - check support and resist lvl and its reaction
Looks like a good starting part to dollar cost average. I don't own any shares.
Occidental petroleum is long for high targets , it’s in last minutes of correction and ready for jump
OXY is way up in comparison to crude oil futures. Futures are flat YTD, and OXY is up 104%. OXY also recently crossed the 200 day SMA on 2 December. They've done that before recently and popped back up. There seems to be some support around $61/share. If it breaks below that next support is around low 50s.
With the federal reserve and the federal government actively trying to decrease inflation. I believe we will head into a deflationary period and most stocks will suffer. Betting against the master chief should be fun in my opinion!
rising cycle 18.68% more than 10 days. ================================================================================================================================================================== This data is analyzed by robots. Analyze historical trends based on The Adam Theory of Markets (20 moving averages/60 moving averages/120 moving averages/240...