OXY good risk to reward tradeDivergence all over the place, on some support from a decade or so ago, holding some mid January contracts
OPC trade ideas
OXYLong term trade, bounce off '08 low, institutional and insider trades support potential movement upwards.
OXY Bottom? Time to Buy?I think so. Longing on Friday open about 75% of my position. Will buy the other 25% whether it heads down or up within the next couple months.
Neutral on OXY, but intriguedAs you can see by the descending trendline, the decline in OXY over the past year has actually been somewhat organized. The share price is now at a level not seen since November 2008, which leaves me tempted to initiate a small position as the risk/reward seems favorable. My suggested stop would be anywhere from $37 to $37.50.
Obviously there are a lot of storylines at play with OXY, but insiders have been buying, Berkshire's been buying, and most analysts' price targets are well above where the share price is now.
I'm intrigued.
[insert $oxy pun]11/08/19 47 C 100 basis .32$.
11/15/19 51 C 100 basis .18$.
Plotted out every gap fill with ranges and levels.
May the best bettor win.
Occidental Petroleum finally breaksThe break is quite impulsive and going up. Today we have earnings after the close US session. High expectations that this run will continue so hold your longs.
Good Luck!
Occidental petroleum trend line testingLooking to add more longs on the break of the line. And still holding longs from $40 level.
Good Luck!
Occidental Petroleum: Short opportunity on the Falling Wedge.Occidental Petroleum Corp (OXY) has been trading within a Falling Wedge since the start of 2019 (1M RSI = 31.189, MACD = -6.930, Highs/Lows = -12.8700, ADX = 47.707). The RSI on the 1D chart has clearly marked the last 3 Lower Highs near the 61.000 level. We expect a decline based on that pattern and are targeting the 40.10 Support.
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Occidental Petroleum finally at supportPrice finally reached the $40 level, closing shorts here and now looking for reversal. Already seeing divergence on a weekly chart, This is a very strong support level.
On a daily chart (see below) rosk-reward for a long is best at the moment, targetting a retest fo the $58-$60 area. Could form inverse H&S here.
Next earnings on November 4, and company nudged its estimate for third-quarter production higher on Tuesday.
Based on price targets from other banks and investment funds, it is very oversold and expectations are to go up.
Good Luck!
OXY Options Outsmarted?OXY could be headed for the little, red boxes. How do I know? It's very simple. So I noticed a pattern of options expiring at resistance or support. The red boxes are options expiration dates. The hypothesis of this experiment is to plot options expiration dates against key support and resistance levels along a predetermined path extrapolated from earlier moves.
Trade1027.co.za Alert on Occidental Petroleum (OXY)"Energy-stock valuations have come down this year and are below their long-term average. And many industry players are responding to investor pressure to rein in capital spending, curb supply, boost returns, and pay out more to shareholders in dividends and stock repurchases," Andrew Barry.
Looking to trade the short-term reversal.
New Trade1027.co.za Alert Occidental Petroleum (OXY)"Energy-stock valuations have come down this year and are below their long-term average. And many industry players are responding to investor pressure to rein in capital spending, curb supply, boost returns, and pay out more to shareholders in dividends and stock repurchases," Andrew Barry.
Short-term trading opportunity on OXY.
OXY going to rebound / Target $60 for 2019Fundamental trade: Dividend since 1970, even with canceling dividend next year saving the company 2.5 Billion for debt payments Fueling the snapback, contrarian move => too much negativity. Board Members share purchase, Revenue and Earnings are rising since 2017
Technical: extreme Oversold on Monthly/Weekly Chart, Chanel resistance, should reach 80 by the first quarter of 2020
Risk: next support $30 then $4
check out Option Play as they are interesting moves made, especially Call/Put for January 2020
My Target: $60 by December 2019 and $80 next year
OXY downward channel into Major SupportOXY is currently in a long term downward channel and testing the bottom of it. The severe decline in price over the last few years is plummeting OXY into MAJOR support. This confluences with the downward channel, and we are likely (in my opinion) to see a trend change soon to test the top of the downward channel as long as the support holds. OXY, as well as all petroleum companies, is currently battling with gas and oil prices which are handicapping it severely. This idea is very subject to becoming invalidated due to fundamentals with that said, as well as OXY has just dug themselves into even more debt with a $37 Billion purchase in attempts to expand. Hopefully their efforts pay off, and don't send their stock prices into a death spiral, because breaking this major support would be very BEARISH for OXY shareholders.
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Recuperacion del crudo(long)Las empresas del crudo experimientan un pequeño incremento . Debido a la pequrña recuperacion del meecado ... eso haria q rl precio viniera a buscar la MA 150 ...
Occidental Petroleum updateLast time price was this low was in February 2009. With global growth worries as banks across the globe started to cut rates this summer, oil prices took another blow and stock of Occidental followed. A major level is at $40 where a great risk-reward buying opportunity, if the level holds.
On the technical side, stock is oversold on indicators and waiting for the reversal pattern on smaller time frames.
Major banks downgraded Occidental stocks 'from Buy to Neutral' in the first quarter of 2019 with price target ranging $55-$70. As the price hits support and global growth picks up would be a great opportunity to ride the wave here. Good Luck!
Questionable TechnicalsThis chart shows a clear 3-year BULL market (08-11) followed by a long 8-year BEAR market. We see this trading at the bottom of the long bear channel, and in-fact, it looks like it broke through that channel and is on the way to the supports marked at 44 and then 40. I hold this long, am down since my initial purchase, and am reinvesting my dividends. I see another 15% downside from here, with a potential 80%+ upside long-term. This is a CORE position in my retirement portfolio.
The company recently sold corporate bonds to finance their purchase of Anadarko, which appears to have been in high demand (30yr bond getting close to 5%). This leads me to believe that the company will weather the storm, will come back stronger than ever, and eventually will make all investors who purchase this very happy.... I'm talking 10-years here, so anyone looking to get rich quick is shit out of luck....
Cash flow is king here, and as long as they can recognize cost synergies, shareholders will be rewarded.
If you buy this now, you would have bought shares cheaper than the CEO recently purchased them. However, know the risks; no investment is a sure thing
Happy investing.
