abow1007

OXY Cup and handle? Possibly

Long
abow1007 Updated   
NYSE:OXY   Occidental Petroleum Corporation
Unlike the other C&H's I've found, OXY is the most iffy. The uptrend is not super definitive. Everything else looks great. The uptrend has me wondering the legitimacy of it but I went ahead and picked up some options, small position though. Let's see what happens here. Target is $39 if the formation is indeed legit.

See our previous Cup and Handle Calls:
TTD
BOOT
AAPL
SDGR

Comment:
Apple broke down and failed. SDGR is right on track and had a beautiful day today. Oxy performed well today also
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.