We still locate the Occidental Petroleum stock in the wave (c). In the next step, it should therefore exceed the resistance at $71.19 to mark the high of the superordinate wave B in turquoise. Subsequently, there should be strong sell-offs.
OXY is defending a major support once again after completing a bullish shark 2 months ago. We are bullish on US Oil already and these stocks are looking ready also. Bullish convergence at a major support level with a completed type 2 Bullish Shark.
Warren Buffett's Berkshire Hathaway just snapped up more Occidental Petroleum shares, pushing the legendary investor's stake in the oil company to just over 25%. Buffett's conglomerate purchased another 2.1 million shares of Occidental in the past week when the stock traded at $57.89, an amount worth $123 million in total, according to a recent Securities and...
If you haven`t bought OXY before the last run: Then analyzing the options chain and the chart patterns of OXY Occidental Petroleum prior to the earnings report this week, I would consider purchasing the 60usd strike price Calls with an expiration date of 2024-5-17, for a premium of approximately $2.32. If these options prove to be profitable prior to the...
In the last few months we've seen two bullish formations. W Formation first and recently a Cup & handle. The price has broken above the neckline and brim level, and now the price seems to be retracing to a conservative level of entry. With the higher lows and clear signs of demand, it looks like this market is poised for growth. 7>21>200 RSI>50 - Higher...
In the Occidental Petroleum chart, bulls have displayed renewed strength since early September, which needs to be sustained. The turquoise wave B is expected to reach higher, stopping just shy of the $77.13 resistance level. Following this peak, substantial declines are anticipated, potentially dropping below $54.35. Should the price manage to break above the...
You may have heard of a certain Warren Buffett, and it seems like he might be onto something... Buffett, known as the "Oracle of Omaha," has demonstrated remarkable investment timing, or perhaps an innate ability to steer investment flows. This was clearly illustrated by his investment in Japan, which triggered a rally in the Nikkei to decade-long highs. While...
Running Low On OXY? I believe we will be "running low on oxy" over the next few days or weeks. A head and shoulders pattern was identified on the daily in confluence with 2 rising support trendlines. OXY broke below the neckline of the head and shoulders pattern on Friday, February 3, 2023. Furthermore, the daily chart shows an increase of sellers at the break...
Occidental petroleum is long for high targets , it’s in last minutes of correction and ready for jump
We have 2 instances of MACD Bearish Divergence along with some RSI Divergence and a potential for there week to confirm a Bullish 3 Line Strike if the weekly can close below the last 3 bullish candle bodies. Based off of this i think Occidental Petroleum will be coming back down to $35.00
Broadening Diamond Formation on Occidental Bias upside: MA's Bullish and price keeps bouncing up on 200MA - then going to new highs. RSI up and making higher lows Target $91.90
This is very obvious Head & Shoulders pattern. I expect the break of neckline in september.
Looking at the OXY Occidental Petroleum options chain, i would buy the $75 calls with 2022-10-21 expiration date for about $3.10 premium. Looking forward to read your opinion about it.
Occidental Petroleum Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of oil and gas properties in the United States, the Middle East, Africa, and Latin America. - BERKSHIRE HATHAWAY (Warren Buffet) is acquiring shares - Expected earnings and revenue beat - High oil prices - High volume - Above 200 EMA
Occidental Petroleum Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of oil and gas properties in the United States, the Middle East, Africa, and Latin America. It operates through three segments: Oil and Gas, Chemical, and Midstream and Marketing. The company's Oil and Gas segment explores for, develops, and...
Occidental Petroleum Short Term - We look to Buy at 55.37 (stop at 50.76) Trading within a Bullish Channel formation. We are assessed to be in a corrective mode lower. Our expectation now is for this swing lower to continue towards the bottom of the trend channel, to complete a correction before buyers return. Earnings news could provide a good catalyst for...
Occidental Petroleum Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of oil and gas properties in the United States, the Middle East, Africa, and Latin America. It operates through three segments: Oil and Gas, Chemical, and Midstream and Marketing. The company's Oil and Gas segment explores for, develops, and...
Occidental Petroleum Corporation ( NYSE:OXY ) Sector: Energy Minerals (Oil & Gas Production) Market Capitalization: 40.143B Current Price: $42.98 Breakout price: $41.55 (hold above) Buy Zone (Top/Bottom Range): $41.50-$38.40 Price Target: $39.20-$40.50 (Reached), $48.40-$50.60 (2nd) Estimated Duration to Target: 80-83d (2nd) Contract of Interest: $OXY 5/20/22...