OPC trade ideas
RSI BOX on OXY, leave the box and price plummetsjust watch out for fake outs. I fell for the last one a few weeks ago, right after i posted the same idea. I fixed the boxes so they are more accurate now. I'll link my old idea if you want but you don't have to bother, this is the same one, but better.
RSI 55 level constantly providing sell signalsNotice every time 55 breaks, there's a long down trend in the RSI to somewhere around 32. It's obvious that this is going to happen again, because the downtrend has already been developing for the last several days.
OXY - Osc becoming embedded. No longer like the long. Pullback
Status: Took off watch list for several reasons.
Point system: 1 = meets criteria, 0 = fails or not applicable
Total points: 6
Horizontal S&R: 1
Channel S&R: 1
MA S&R: 0
Pearson's R >= 85: 0
Price Pullback Fib >0.3802: 1
Next Earnings date: 10/28
Favorable EPS: 1, beat
Favorable Rev: 1, beat
Short Float:
*stop 1 atr below swing low.
** first price target is 50% the move from entry price to previous high.
***No Biotech
Any feedback is welcomed! Thx
Cost basis:
Stop:
First price target:
