OXY displaying bearish divergence on the weekly chart, reaching new price highs on dwindling RSI. Support around 57.86
I don't use Gann Fans much, but looks bullish to me?
2 Elliott Impulse Waves, the shorter term is mid-way thru wave 3 and is wave 2 of the longer term impulse wave. Shorter term: 0: 295 (May 1 high) 1: 280 (May 13 low) 2: 289.2 (May 16 high), 61% of wave 1 3: 265 (en route, mid-Jun), 161.8% of wave 1 4: 273 (en route, late-Jun), 33% of wave 3 5: 258 (end of Jun/early Jul completion), 100% of wave 1 Longer term 0:...
.618 Fibonacci retracement completes wave 2 at 283.48. Wave 3 is typically 161.8% of wave 1 (9.1 * 1.618 + 280 = 294.7), target 294.7 before the end of the month.
I expect a move up to ~47.5 next week as Elliott Impulse wave completes correction and trend from the December lows supports ~44.5. If support breaks, it'll gap from 44 to 42, quick...
CGC is completing a bearish trend and could correct soon
S&P ABC correction wave setting up for a sell in May event before a bounce up and a larger sell-off in Q3 of '19.
NTLA wave analysis and MACD paint a bearish picture, could test down to single digits price...thoughts? NASDAQ:NTLA
On the daily - RSI continues to decline as rally momentum fades, also up against 200-day SMA with the 50-day nearing a death cross