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.
Comment:
OXY DID NOT close above the $75 mark I wanted to go bullish. So I am holding off and will look to enter on a possible bounce at $65. This has been a strong stock in a weak market, can it become a stronger stock in a trending bullish market? Expecting the markets to trend bullish after this one last downturn in fall.