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abow1007

OXY looks like a cup and handle formation

Long
Occidental Petroleum Corporation (NYSE:OXY)  
abow1007 Updated   
NYSE:OXY   Occidental Petroleum Corporation
Cup And Handle cupnhandle cupandhandlepattern cupandhandlebreakout
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cupandhandle cupnhandle cupandhandlepattern cupandhandlebreakout
Looks pretty solid but uptrend is somewhat iffy so I only picked up a small position. Target is $29. With XL pipeline shutdown thanks to biden, we could see oil prices spike so a run up in OXY makes sense.
Comment:
Target is not $29. That was an error. New post corrects the error. $39 price target on this one, but we are skeptical of the formation.
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