Took a single entry for about 2.5% of the total capital, targeting the upper trendline for a profit of about 15% on the invested capital.
This is a re-entry. Public posts regarding my previous positions in the stock are attached along with this post. Do check them out.
Honestly, I can't make sense of the chart so send any jokes my way. Be gentle.
What I can make sense of this things appears to be oversold as does oil. RSI is below 30. They should be filling SPR at these levels (stressing the word "should"). Uncle Warren is probably gobbling up OXY at these levels and the Middle East is in turmoil.
I'm buying calls ($57...
Everything seems to be holding and setting up for a higher high. 14RSI breaking down trend and the stoch is starting to curl. TA wise looks solid for a good move up, any bad news could change the out come so if you take a long use a stop.
Occidental Petroleum is going to break to the upside soon
Geo political news:
Wars create demand for oil and there is no shortage of warfare taking place globally. The blue parallel channel starts from the Russian invasion of Ukraine. I need not mention what started a few weeks ago..
OPEC+ has already vowed to continue tightening output through the end of the...
Occidental Petroleum shot to prominence in early 2022 as investors embraced inflationary stocks. But it’s gone nowhere since and may be at risk of getting sold.
The main pattern on today’s chart is the pair of converging trendlines. Falling resistance began last November and rising support started in June. Prices are stuck in the narrowing range, with the...
They might just channel this out to steal some options premiums. This approximate price range has been a support/ resistance level for over a decade now.
Berkshire Hathaway bought in at this level again from October 23-25 increasing their stake even further.
I assume they know things we dont so I expect the rally we're witnessing to continue but who knows,...
Technical Analysis Description: NYSE:OXY Seeking Fibonacci Support at 0.618 Level, Specifically at $60.39
Occidental Petroleum Corporation ( NYSE:OXY ) is currently at a critical juncture on its price chart as it seeks potential support at the 0.618 Fibonacci retracement level, which corresponds to a specific price of $60.39. This level is significant in...
The stock has been experiencing a period of consolidation with a ranging price action for some time. Simultaneously, the entire US market appears to be at risk of a significant sell-off. Given this situation, it is prudent to maintain some cash positions. Therefore, the most logical course of action at this point is to sell stocks that are nearing their target...
Was bearish this name last year & earlier this year but looks like this will ultimately be resolving higher. Buffett has been buying below $60. I like $85 Jan 25 calls here. Wouldn't be surprised if it gets there this year if this month closes above last month's high.
Occidental Petroleum Corporation (OXY) is a leading oil and gas company that operates in the United States and internationally.
The company's stock has been performing well in recent months, with the price rising from a low of $59.51 in early May to a high of $75.50 in late May.
One way to analyze the stock's price movements is by using the Fibonacci...
In the last few months we've seen two bullish formations.
W Formation first and recently a Cup & handle.
The price has broken above the neckline and brim level, and now the price seems to be retracing to a conservative level of entry.
With the higher lows and clear signs of demand, it looks like this market is poised for growth.
7>21>200
RSI>50 - Higher...
In the Occidental Petroleum chart, bulls have displayed renewed strength since early September, which needs to be sustained. The turquoise wave B is expected to reach higher, stopping just shy of the $77.13 resistance level. Following this peak, substantial declines are anticipated, potentially dropping below $54.35. Should the price manage to break above the...
🔹Breakout resistance at 65.90, indicating a potential further rise, and potential support at 65.90 in case of NEGATIVE reactions.
🔹POSITIVE volume balance indicates higher volume on rising days.
🔹The RSI curve indicates a positive trend, indicating a rising trend.
🔹Technically POSITIVE for the short term.
Chart Pattern:
◦ DT: Double Top | BEARISH | 🔴
◦ DB: Double...
Back to support I think... It was a good attempted breakout, maybe another time.
I do think we reach a point of absolute scarcity due to lack of investment in a rising interest rate environment...
Just putting on my tinfoil hat... it will be after the election.
