$OXY I dont even want to offer a recommendation on this one. Why? Because the company is literally upside down with debt. See article: www.houstonchronicle.com From my quick analysis, it appears that oil contract that closed Friday of last week ended sharply higher. This carried into the weekend with the OPEC meeting and then into Monday bringing euphoria...
$OXY - Gap theory however it left gap behind him, it might go down to close it and then advance for next resistance
Island Bottom Reversal + Flat Base, Log Scale + Bullish Momentum Price Target: 26.73 Options Trade: 6/19 25c
oxy came over the range zone...bullish sigh with 25% up
no target.. but based on the chart this will keep rising.. eyeing $45-50! bullish $OXY $MGY!
Two scenarios can play out here, more than likely (bullish scenario) plays out 1. (green line) we blast through 6.48 and we reach $7-8+ 2. (red line) we test 6.48 and reject... test 5.47 or 4.65 then BOUNCE BOUNCE!
We had about a 30-40% dump on TUES, expecting it to pump and fill the gap!
OXY broke through a strong level of resistance $15.45, but went down during post-market. If the price stays above $15.45 tomorrow (June 4th) LONG trade. Possible false breakout, in which case SHORT trade.
OXY STOCK LONG ENTRY 1 $14.00 ENTRY 2 $11.75 SL $8.75 Take Profit 1 $17.75 Take Profit 2 $21.75 Take Profit 2 $26.75 Take Profit 3 $36.75 Take Profit 4 $50.75 Take Profit 5 $64.75
Long Setup 1st Target 618fib/15 2nd Target 19 This content is for informational and educational purposes only. This is not in any way, shape or form financial or trading advice. Good luck, happy trading and stay chill, 2degreez
Listen! OIL MASS DEFLATION -$30 per barrel. OIL MASS SLOW PRODUCTION!. OIL DEMAND INCREASE! OIL MASS INFLATION+WAR+CHAOS CANT KEEP UP WITH DEMAND! ECONOMICS 101. Don't listen to the fake pros they know nothing! BLACK HORSE RIDES! LOW SUPPLIES EVERYWHERE FOOD SHORTAGES! LOCUSTS!
Hi Go long. Market liquidity was tapped. Dump in the wider market was caused by Powell denying negative interest rates. This is old news.
OXY is an a bullish pattern you can go long here now, or on break out. I prefer now. Alex
Keep your trading simple Bullish Swing Long Entry after the 50MA, Smaller position then usual because of the volatility and big price swings. T1 = minimum risk reward 1:1 I always leave 1/3 of my position for long term gains - moving my stop to my entry if I need to give room for the volatility or using trailing stop for maximum gains. Not a financial advise -...
✨ We provide charts every day ✨ Like and Follow to help us grow family! 🎉 --- Everyone's favorite oil company Occidental Petroleum Corporation (OXY) formed a massive gap on its chart back in March. While earnings was a mixed bag, to say the least, with dismal earnings growth, OXY still beat analyst expectations (in part by cutting spending) and is showing...
And yes i know about oil demand and and soon many rumors about bankcruptcy but stilllll there is room !!!!! Disclaimer: I’m not: a certified financial planner/adviser, a certified financial analyst or even an economist. i am just doing this for fun and not giving any advices !!!!!
OXY/USD 24/04/20 Breakout? Let me know what your thoughts are about OXY. Please do not take this as any kind of advice and always trade on your own risk.