OXY Sellers Fall Down ( Flat Bottom Triangle Breakout) LONG
OXYOne hour chart:
OXYIn the past day, the relative volume of sellers has decreased
and price momentum is gradually increasing despite
the general market reaction to federal economic news.
The flat bottom triangle breakout suggests sellers are capitulating
on pricing given current circumstances. The RSI Oscillator
is in a mid-range suggesting more upside.
I see a long setup with call otpions 2 weeks expiration strike $85.
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