OXY rising from buying zone after fall from Head and Shoulders

Nov 3, 2022

OXY

Warren Buffett's favorite new acquisition is now in an uptrend

and following somewhat of an ascending wedge.

This appears to be a good swing long setup with a

Stop Loss of 71.6 at the recent pivot low and a

Take Profit at the neckline of the head and shoulders pattern which signalled

the downtrend at 73.83. I will trade this with the call options

expiring 11/18 with the strike of 73.

Nov 6, 2022

Trade active

OXY popped on Friday as did its call options. Took a partial and look for
more action in the upcoming week.