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OXY

$OXY - like the markets.... i have trust issues. $OXY I dont even want to offer a recommendation on this one. Why? Because the company is literally upside down with debt. See article: www.houstonchronicle.com From my quick analysis, it appears that oil contract that closed Friday of last week ended sharply higher. This carried into the weekend with the OPEC meeting and then into Monday bringing euphoria back to the market that we could possibly continued oil cuts & market stabilization. Today the narrative was changed saying that there is trust issues between major suppliers as we watched Aramco jack their prices. I would wait to see if the stock can stabilize at the bottom of this gap zone in the 19-20 dollar range before buying or adding more $OXY. Oil is another sector that will be completely rocked if a "second wave" of the virus hits. We still have millions of gallons of oil floating in barges across the world. I wonder how much deeper negative oil prices would go if we shut down again. If it does rise, i would use $25.50 as an entry point and $24 as a stop loss.
NYSE:OXY
by IMF_Trading
1
OCCIDENTAL PETROLEUM ($OXY): Should Call it Accidental Petroleum✨ We provide charts every day ✨ Like and Follow to help us grow family! 🎉 --- Everyone's favorite oil company Occidental Petroleum Corporation (OXY) formed a massive gap on its chart back in March. While earnings was a mixed bag, to say the least, with dismal earnings growth, OXY still beat analyst expectations (in part by cutting spending) and is showing solid growth in revenue. Despite the mixed earnings, from a technical perspective, it looks like we may be getting a chance at a long entry with a potential target above the gap. Reference: www.earningswhispers.com | www.barrons.com --- 1. Our Fractal trend indicator is signaling an uptrend (Blue bar color) on the 2 hour chart. 2. With the strategy, we want to go long on a retest of the previous S/R as plotted by Alpha Directional Bias in an uptrend. 3. We have stops just below previous swing lows to try and evade any liquidity hunting that may occur before a move higher. 4. Our first target is the R1 range formed by previous highs/gap open, our second target R2 is the assumed S/R flip that occurred in March. 5. To lock in profit, we can also watch for short signals ("S") from Triggers along the way.
NYSE:OXY
by AlphaBotSystem
OXY "SHORT"I have been pretty trash with oil trades.. but this time I believe oxy will reach new all-time lows. There is much uncertainty from investors which makes this a perfect short IMO, I have a 5/8 buy put... didn't short at $17 simply cause I was at a huge loss from some other trade (not enough capital.) I think we will revisit $12 by today and continue to make lower highs throughout the week. This won't stop Donnie Pump from tweeting but there isn't much more he can do right now. The oil cuts aren't enough to ignore the fact we will run out of storage. Good Luck!
NYSE:OXYShort
by mzombie2
OXY bullish setup ahead!Mad volume quantity the last six weeks for this one. Reaching it´s bottom at $9, these company has gotten the attention of a lot of investors. At long term any buy below $20 is a steal for this stock. Yesterday, when the stock went above $12.60, the 5 min bearish trend got broken and closing around $13.60 the bullish setup has a high probability of continue. I identified the upcoming resistance points at 13.66, 14.70, 15.86, 16.86 and 18.00. A pullback may be expected for the next week so we have to be cautious if it breaks down 12.30 which is the current bottom of the uptrend channel. Buffet bought shares at a price average of 11.57 so this would be the "Buffet Support", if the price breaks the support we might be seeing 10.50-9.00 range again Trade Idea: - Long position at 13.75 - SL: 12.20 (Uptredn Channel break confirmation) - TP: 18.50 - 19.00 If you swing trade you might want to close and open positions around the resistance/supports.
NYSE:OXYLong
by TheMortiestTrader
2