Long OXY
As growth starts to keep a bearish trend, I expect this breakout to continue on Oxy. I have been layering into call spreads for about a month since the local lows. Lots of room to run on the weekly stochastic RSI rising from low volatility. This stall candle we just printed is bullish and I expect continuation next week since we strongly confirmed this break out. Oxy is a great hedge to the current market right now if you long it.
My plan:
March 60-62.5 Call spreads (already in the position)
My plan:
March 60-62.5 Call spreads (already in the position)
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Disclaimer
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.