Excellent potential, deeply undervaluedExcellent potential, deeply undervalued. It's an excellent value bet to take.
It has a 8.17% current dividend yield.
Target for six month period — $60.
TESLA? No! OXY? Yes!
OPC trade ideas
OXYOccidental Petroleum (OXY)
American oil company. The headquarters is in Los Angeles. The company is ranked 491st in the Fortune Global 500. Founded in 1920.
We continue to pay attention to the oil and gas sector. 5x weekly divergence (very rare), increased volume, the price moves in a wedge. Very promising picture
OXY / Long Term Long Position!Extended my Energy Portfolio with Occidental Petroleum Corp shares.
Fundamental:
I will stick to my opinion and investment strategie by adding this asset to my list.
I personally think that nearly every energy-related stock is trading unter it's actual value .
Revenue in 2019:
Q2: 8543 mio USD
Q3: 5743 mio. USD
Profit both positive minus nearly the same costs.
Technical:
Support: 38.500
RSI(14) 61,443 BUY
STOCH(9,6) 67,992 BUY
STOCHRSI(14) 78,901 Overought
MACD(12,26) 0,190 BUY
ADX(14) 29,425 BUY
Williams %R -22,727 BUY
CCI(14) 117,1167 BUY
ATR(14) 0,2536 low volatility
Highs/Lows(14) 0,1743 BUY
Ultimate Oscillator 56,784 BUY
ROC 1,331 BUY
Bull/Bear Power(13) 0,5600 BUY
Bullish divergence.6 months of accumulation demonstrated by the divergence in price and momentum indicators.
Relately good time to invest!This is a popular energy stock with immense volume. It is currently at a low point. According to Yahoo Finance, an undervalued stock. This stock is not necessarily a bad option currently and seems as if it will go up very soon.
$OXY Look for it to be a runner this week. BullishI'm looking for Occidental to push to $38.5-$39 this week and judging by options activity so are the big boys.
OXY
OXY good risk to reward tradeDivergence all over the place, on some support from a decade or so ago, holding some mid January contracts
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.
