OXY Likes OPEC+ Playing Nice, Clear Cup & Handle Forming
Updated
Oil recently hit a monthly resistance dip and gave us a good buying opportunity on some tickers including OXY. OXY recently got de-delisted from the S&P 100 but is showing resilience in one of the hardest hit industries during this pandemic. It has also been getting accumulated pretty heavily as of recent.
If OPEC+ keeps playing nice, OXY is primed for a run to $24 in the mid term between February-March.
If OPEC+ keeps playing nice, OXY is primed for a run to $24 in the mid term between February-March.
Note
Closed call positions for +150%, on to the next.
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