OXY - more downside below $50OXY - Stock in long term downtrend and at critical support at $50. If fails looking for puts for a move towards $45 and lower. Stock is weak on indicator.
OXY trade ideas
buy 153 oxy and sell 100 xle or 1530 long oxy 1000 short xlei expect oxy to outperform xle
i made my own ratio based on my own proprietary means of making a ratio that i thought worked.
you pay 215 a year in dividends on 100 xle minues the oxy gains of 85
you pay 2100 a year in xle dividends on 1000 xle minus the oxy dividend gain of 850 per year
this trade is very near its all time low.
i expect the trade to work out and i will exit half when the trade gets to zero
netting 500 on 50 units and netting 5k on 500 units
the second 50 units i would run until about +1000 and exit
this would net
20 x50= 1000 so total gain would be 500 plus 1000 or 1500
on 1000 units this would net $ 15,000
i am putting this trade on tomorrow
is my mathe corect?
OXY bull put spread AGAINOXY is at the 100 sma on M if you turn on the dividends. IT is RIGHT on top of the 200 sma on the weekly non adjusted dividends. $48 is a NEW low and getting 12% return on risk on a down day is nice...
I will allow this stock to go below $47 before I panic. I would expect a retest anyway, so I'll hold this spread until expiration or until I can close it for .03+ like the last one...
Oxy correction and continuation Oxy looks like it wants to bounce off this 20 EMA on the daily chart. The stochastic still has room to run here on the weekly chart but could easily base here to reset the daily. Volume remains generally up, and war fears and market euphoria continue. I believe we will see the second leg to my next target of 58$ by end of month.
Oxy did pivotThankfully I do not wait until everything comes perfectly into play. I did not see much else appealing stock wise for undervalued sectors so I started to buy into my OXY plan ahead of the hopeful touch of the fib. This has played out nicely, I did end up going with December 55/60 strike spreads and my 60s are already up 60%. Oxy has a long way to run to even touch the 200 EMA on the weekly. You will also note that the weekly stochastic RSI is just starting to coil upward, these war fears are pumping oil and defensive stocks. My initial target is marked, I will sell my 55$ strikes there. Depending on IV I might sell my 60s there as well as theyd be up almost 400%. If we get a pullback I am looking for a larger safer LEAP position for next year.
OXY SurgingAfter holding a double bottom on the daily, OXY created a new Higher Low and it is moving nively.
Using that level as a SL is what I am looking for.
Bull put spread on OXYI think OIL can press higher with the 'port strike'. I also think OVERALL markets need a small pull back and that should press oil higher. AND, this stock has TONS of really nice support here....
It's not over for OXY BABY!!!Market makers are trying to scare you.
Yes, we could hit 46 dollars before moving
back up to the upside. There has been
quite a bit of behind the scenes bullish
maneuvering if you really dig deep into
the layers on OXY Don't doubt me on this one...
this baby is set to fly soon. There is ONE guy
who is gonna make this black gold pump
hard has FAUUK! This is what they always do
before a big move to the upside...make you
doubt...make you fold then BOOM!...you
realize you missed it! Stay strong...stay LONG
on this one BABY!!!
Oxy swing tradeOxy is looking beaten down and recently fell below the cost basis Warren Buffet has. I have been eying this for a while as OXY was my most profitable swing trade of the year on the wedge break. you will need to look at crude oil futures as well. I would love to enter this trade on this golden fib here, anything in the 48$ range and I will be eyeing 55$ Jan calls. The weekly stochastic is bottoming pretty heavily. People do also forget the company recently acquired a cash flow midstream machine that should help in their future earnings.
(weeekly) for OXY see last post for description.
zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz
$oxy, need some oxy to cope the pain dear oxy holders,
i too understand the pain, as i bought the dip today at 51.69.
the monthly 50MA holds at 48.70. if it breaks, time to pop one cus 36 is coming fast.
li lu im watching ur ass
Occidental Petroleum (OXY) Shares Drop to 2.5-Year LowOccidental Petroleum (OXY) Shares Drop to 2.5-Year Low
Shares of Occidental Petroleum Corporation (OXY), the sixth-largest holding in Warren Buffett’s portfolio, have fallen to their lowest level since April 2022. According to Yahoo Finance, Buffett's Berkshire Hathaway increased its stake in Occidental Petroleum to nearly 30% this summer.
But could Buffett be wrong this time? As the chart shows, OXY shares have reached a 2.5-year low.
Meanwhile, analysts are lowering their price targets for OXY shares:
→ Citigroup cut its target from $65 to $62;
→ Wolfe Research reduced its target from $83 to $82;
→ Susquehanna lowered its target from $81 to $78.
However, technical analysis suggests some reasons for bullish optimism:
→ Drawing an upward channel based on the points indicated by arrows shows that the price is nearing the lower boundary of the channel, which may provide strong support and even lead to a bullish reversal.
→ The lower boundary is further reinforced by the psychological level of $50 per share.
→ The RSI indicator is at levels last seen during the panic of spring 2020, suggesting that Occidental Petroleum (OXY) shares may be oversold and undervalued.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
Simple 5% OXY play 1 month chartA simple 5% OXY setup: Triple bottom support on a 1-month chart with Bollinger band constriction, and an oversold RSI indicator.
OXY (Occidental Petroleum) is a strong company with a 1.55% dividend yield and upcoming earnings.
The idea: Enter trade below $57 and exit at or above $60.
$60 is the next upper resistance point and if broken the secondary resistance would be near $65
OXY ShortLooking at an NYSE:OXY short at discount from the swing high, swing low. I marked where I think bears currently have control (where bulls haven't been able to move price past and where bears have been aggressive). I'd like to see slow bullish progression into this area and see the tape heat up as we approach the spot.
OXY LONGOne Pattern Breakout, Looking for second soon. Would like to see $60 too. nice to see analyst target above my target.
Looking bullish immediately on OXY.🔉Sound on!🔉
Thank you as always for watching my videos. I hope that you learned something very educational! Please feel free to like, share, and comment on this post. Remember only risk what you are willing to lose. Trading is very risky but it can change your life!
OXY is OversoldThe plan for OXY looks really good it’s just not quite ready but I think the upside for a quick day/week is real. OXY needs a few things to happen. RSI needs to come down a bit (red arrow) then reverse, the price needs to hang in the $55-57 range, the MACD needs to turn bright red and or bright green indicating selling pressure is turning around, and oil prices need to start to head back up a bit. My best guess this happens around the 26th, which is where all the green arrows sit. If these conditions are met I will buy some.
Long oxy with majority of portfolioSupport has held once again, for now.
a 3rd failed breakdown suggests that were going higher.
trendline support.
Buffet likes the stock
Li Lu likes the stock
I like the stock
Daily MACD crossed up.
67 in 2 weeks and 125 in 24 months - Long Long Long Long Long I have been beating the table on this stock for the last month. This is the greatest buy in the market considering the crash we are about to slam into.
1. Oxy historically had too much debt. They financed various acquisitions with debt. Their highest profile investor (Warren buffet) happens to control Bank of America. Bank of America is now the oxy lender (I’d love to see the reg O paperwork on this deal) So to say they have favorable finance terms is an understatement. They have been selling off assets to pay down debt as well. They have paid down almost 2.5 billion of debt and another 2 billion will be paid off in the next six months out of cash flow. This will throw almost a billion to the bottom line earnings (12% increase to earnings without doing a damn thing different)
2. They increased their presence in the Permian basin with the purchase of Crown. Crowns operating costs were too high. They needed oil at 80 a barrel to make real money. Oxy needs it around 45. With the purchase, Oxy turned on half of crowns assets. This will throw another billion to the bottom line.
3. Their LNG and chemicals division is growing and as LNG rebounds from the synthetic supply flush from the government , this division will throw off another 500mm in cash.
So earnings should double in the next 18 months. They trade at a P.E of 14. That’s extremely cheap considering their growth profile. Recently the stock has dipped after incredible earnings. That’s because subsidiaries and crown sold off the shares they were given during the acquisitions. The market was flushed with 40mm shares this week priced around 35.
It’s going to snap back up to 67 in the next two weeks. Grab calls now! In 24 months this will be 125.
OxyI don't know what Mr. Buffett's plan is, but I think the price will continue to fall to lower levels.
Huge Inverse Head and ShouldersIf you can't see this on the weekly time frame...
Then you don't have any business making big $$$
in 2025-2026. Even your seeing eye dog would slap
you upside you head for NOT investing in this baby.
Don't worry...everything is playing out just fine over
here in this camp...BAM!
