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OXY1 trade ideas

Oxy swing tradeOxy is looking beaten down and recently fell below the cost basis Warren Buffet has. I have been eying this for a while as OXY was my most profitable swing trade of the year on the wedge break. you will need to look at crude oil futures as well. I would love to enter this trade on this golden fib here, anything in the 48$ range and I will be eyeing 55$ Jan calls. The weekly stochastic is bottoming pretty heavily. People do also forget the company recently acquired a cash flow midstream machine that should help in their future earnings.
NYSE:OXYLong
by Apollo_21mil
Occidental Petroleum (OXY) Shares Drop to 2.5-Year LowOccidental Petroleum (OXY) Shares Drop to 2.5-Year Low Shares of Occidental Petroleum Corporation (OXY), the sixth-largest holding in Warren Buffett’s portfolio, have fallen to their lowest level since April 2022. According to Yahoo Finance, Buffett's Berkshire Hathaway increased its stake in Occidental Petroleum to nearly 30% this summer. But could Buffett be wrong this time? As the chart shows, OXY shares have reached a 2.5-year low. Meanwhile, analysts are lowering their price targets for OXY shares: → Citigroup cut its target from $65 to $62; → Wolfe Research reduced its target from $83 to $82; → Susquehanna lowered its target from $81 to $78. However, technical analysis suggests some reasons for bullish optimism: → Drawing an upward channel based on the points indicated by arrows shows that the price is nearing the lower boundary of the channel, which may provide strong support and even lead to a bullish reversal. → The lower boundary is further reinforced by the psychological level of $50 per share. → The RSI indicator is at levels last seen during the panic of spring 2020, suggesting that Occidental Petroleum (OXY) shares may be oversold and undervalued. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
NYSE:OXY
by FXOpen
3
OXY is OversoldThe plan for OXY looks really good it’s just not quite ready but I think the upside for a quick day/week is real. OXY needs a few things to happen. RSI needs to come down a bit (red arrow) then reverse, the price needs to hang in the $55-57 range, the MACD needs to turn bright red and or bright green indicating selling pressure is turning around, and oil prices need to start to head back up a bit. My best guess this happens around the 26th, which is where all the green arrows sit. If these conditions are met I will buy some.
NYSE:OXYLong
by pcseiden
67 in 2 weeks and 125 in 24 months - Long Long Long Long Long I have been beating the table on this stock for the last month. This is the greatest buy in the market considering the crash we are about to slam into. 1. Oxy historically had too much debt. They financed various acquisitions with debt. Their highest profile investor (Warren buffet) happens to control Bank of America. Bank of America is now the oxy lender (I’d love to see the reg O paperwork on this deal) So to say they have favorable finance terms is an understatement. They have been selling off assets to pay down debt as well. They have paid down almost 2.5 billion of debt and another 2 billion will be paid off in the next six months out of cash flow. This will throw almost a billion to the bottom line earnings (12% increase to earnings without doing a damn thing different) 2. They increased their presence in the Permian basin with the purchase of Crown. Crowns operating costs were too high. They needed oil at 80 a barrel to make real money. Oxy needs it around 45. With the purchase, Oxy turned on half of crowns assets. This will throw another billion to the bottom line. 3. Their LNG and chemicals division is growing and as LNG rebounds from the synthetic supply flush from the government , this division will throw off another 500mm in cash. So earnings should double in the next 18 months. They trade at a P.E of 14. That’s extremely cheap considering their growth profile. Recently the stock has dipped after incredible earnings. That’s because subsidiaries and crown sold off the shares they were given during the acquisitions. The market was flushed with 40mm shares this week priced around 35. It’s going to snap back up to 67 in the next two weeks. Grab calls now! In 24 months this will be 125.
NYSE:OXYLong
by Masseto16
4
Occidental Staggers Before Big EventsOccidental Petroleum has been rangebound for more than two years, and some traders may worry about potential downside with some big events looming. The first pattern on today’s chart is the price action after the April 12-June 4 slide. OXY retraced half the decline before rolling over, which may suggest its trend is now lower. The recent drop below $61 could also be interpreted as a bear-flag breakdown. Next, the 50-day simple moving average (SMA) is in the process of forming a potential “death cross” below the 200-day SMA. Third, the oil stock tried to clear last year’s high above $69 in April but couldn’t hold. That kind of false breakout is a potentially bearish reversal pattern. Finally, at least two big events could impact trading. On Thursday, OPEC+ is expected to let production increase as previously announced. Quarterly results follow on August 7. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. See our Overview for more. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges. TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
NYSE:OXY
by TradeStation
Occidental Petroleum Corp | Range Idea | Pre-MarketWithin a 100K Account Balance the split on Trade & Risk Management = 1/10% - 1/20% margin as an Execution Range, to set up an Order Entry and select a per Trade on Average, to avoid any drawdown hit regarding to Stop Loss & to execute Risk on Management Specifics. Trail Stop efforts are a Focus of Attention to the set up in general when Volatile-Price-Action is involved, mainly because of the usage of an Intraday-Scalp-Position tool on behalf on the Trade Plan in general # POSITION & Risk Reward | 15 Minutes Time Frame - Measurement on Session * Retracement | 0.5 & 0.618 * Extension | 0.88 & 1 # POSITION & Risk Reward | 1 Hour Time Frame - Measurement on Session * 20 EMA * 1000 EMA * Retracement # TREND | TIME FRAME CONDUCTIVE | 4 Hour Time Frame - Support & Resistance area 1 - Support & Resistance area 2 - Support & Resistance area 3 - Subdivision & General Trend - Measurement on Session * Retracement * Support & Resistance * Trade Area | Focus & Motion ahead Active Sessions on Relevant Range & Elemented Probabilities; * Asian(Ranging) - London(Upwards) - NYC(Downwards) * Weekend Crypto Session
CAPITALCOM:OXYLong
by jasper16231
Oxy update, and my most profitable strategy discussedHere is an update on the OXY chart after oil had its pivot in April. Oxy was my best trade of the year dollar amount wise and I am 6/6 the last 1.5 years on these longer dated call strategies. I like to trade wedges or bull flags on value stocks and or GLD and similar ETFs. This wedge breakout like many I have posted before is my most favored setup, I am currently doing this with CLSK. 1. You layer into a long on a demand zone as the contraction nears its end. 2. You enter on a bottoming stochastic RSI, here I added to the position after the initial bump 3. A new entry zone is noted on a potential breakout on crude oil futures 4. The stock bounced on the 100 EMA, I plan to layer in next week 5. My preferred entry is 4-6 months out likely a 65-70$ strike on calls
NYSE:OXYLong
by Apollo_21mil
2