1) High Tight Flag on the weekly supported by extremely strong buying volume.
2) Tight consolidation observed on the 30 min with greater buying volume and smaller selling volume.
3) Risk : Reward for the trade is 1:3
4) Not financial advice, happy trading!
Trade active
Took half my position off the table last night as I saw momentum slowing and this market environment could change very quickly. Left the rest for tomorrow to see if OXY can continue to run.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.