I'm buying dips in this stock, awaiting a rally after the OPEC meeting this week. A good cue is if we don't hit 66.92 within the next 3 days, so, keep your eyes open to start accumulating positions, and perhaps taking some profits if you're already long and get a sharp rally to the top of the range once more. If that fails, we might see the stock fall lower, but...
Nice looking set up on the 5 min. I would want this to break the LOD quickly.
Rectángulo acción OXY velas 1 D entrar posición en largo.
at 200 day SMA and MACD crossing up
just watch out for fake outs. I fell for the last one a few weeks ago, right after i posted the same idea. I fixed the boxes so they are more accurate now. I'll link my old idea if you want but you don't have to bother, this is the same one, but better.
Notice every time 55 breaks, there's a long down trend in the RSI to somewhere around 32. It's obvious that this is going to happen again, because the downtrend has already been developing for the last several days.
perhaps overbought right now, watch for a pullback
Resistance $77 and support $70. I think OXY is a good short. We played this with a calendar JAN/NOV put spread target 72.50
rose to resistance...next week could be a big change
I know it's an oil stock, but technically it looks primed for a rebound. I love the double bottom from 12/15/14 and 1/15/15 and there's been responsive buying recently. Also, the double bottom is from support levels on a regression channel spanning quite a ways back, so there's probable cause for longs to profit at these levels. There is also a positive...
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