OXY looks like a cup and handle formation
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.
Note
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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