OXY another swing
OXY is one of my most profitable tickers over time. Looking at crude makes me more bullish as growth stocks overheat. I note a rising average volume and a bottoming BBWP volatility indicator. Stochastic RSI is rising alongside falling price trend, this is bullish divergence. The weekly stochastic broke that resistance, and we are printing and inside week candle here with very small wicks, I believe we are about to pivot. My plan is to swing this into the supply box noted above, I also wouldn't hesitate to take profits at that long term fib.
My plan:
I have started adding Feb 2025 62.5$ calls and will layer in some 60$ calls for a spread, I will keep the position under 1,000$, I tend to have a higher win rate than lose rate with OXY so I am comfortable with this setup.
My plan:
I have started adding Feb 2025 62.5$ calls and will layer in some 60$ calls for a spread, I will keep the position under 1,000$, I tend to have a higher win rate than lose rate with OXY so I am comfortable with this setup.
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