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OXYP trade ideas

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.
NYSE:OXY
by NickWA
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. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
NYSE:OXYShort
by InvestingScope
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!
NYSE:OXY
by Antonio_trader
4
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
NYSE:OXYLong
by janjacob
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. If you enjoyed this analysis, and/or like cookies, be sure to give me a thumbs up and follow for more content. (:
NYSE:OXYLong
by CookieMonsta
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!
NYSE:OXY
by Antonio_trader
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.
NYSE:OXYLong
by IAmSpoli