ENERGY - Lets See What Happens?BLUF : OCY got Hammered 2018...WTI Crude...Dividends...Long Bets here, Let's See What Plays Out!!!
OXYP34 trade ideas
OXY Rounded bottom PatternOXY has formed a nice rounded bottom pattern. Has cleared the 50ma and would expect a move to the 200ma in the near term.
Entry today was at $40.63 with a target intersection of the 200ma in the 46-46.50 range.
Low risk entry with a stop at 39.20.
The last 2 earnings dates have led to declines in price so would suggest exiting before earnings.
Signs of reversalsTaking a look at this down trending stock we can see that each lower low becomes less and less with the macd histogram becoming progressively smaller.
If we take a look at the RSI it is bullishly diverging a lot as notes by the higher lows on the rsi and the lower lows on the price action.
If we take a look at the pattern that it is forming it seems to be a falling wedge so a break out may be soon, especially if a some good new for oil comes to mind.
Moreover Warren buffet purchased shares of this company at a much higher price, so while I lack in my ability for fundamental analysis, I think that buying a shares cheaper than Berkshire Hathaway, who are expert investors would be a be plus as well.
$OXY - short, downtrend channel, good risk rewardNYSE:OXY - short, bounce off upper trend downward channel
Long-term supportThe stock might reached it's long-term support for now. I would recommend to buy some under $40, SL below $30, TP $60-80-100.
Excellent potential, deeply undervaluedExcellent potential, deeply undervalued. It's an excellent value bet to take.
It has a 8.17% current dividend yield.
Target for six month period — $60.
TESLA? No! OXY? Yes!
OXYOccidental Petroleum (OXY)
American oil company. The headquarters is in Los Angeles. The company is ranked 491st in the Fortune Global 500. Founded in 1920.
We continue to pay attention to the oil and gas sector. 5x weekly divergence (very rare), increased volume, the price moves in a wedge. Very promising picture
OXY / Long Term Long Position!Extended my Energy Portfolio with Occidental Petroleum Corp shares.
Fundamental:
I will stick to my opinion and investment strategie by adding this asset to my list.
I personally think that nearly every energy-related stock is trading unter it's actual value .
Revenue in 2019:
Q2: 8543 mio USD
Q3: 5743 mio. USD
Profit both positive minus nearly the same costs.
Technical:
Support: 38.500
RSI(14) 61,443 BUY
STOCH(9,6) 67,992 BUY
STOCHRSI(14) 78,901 Overought
MACD(12,26) 0,190 BUY
ADX(14) 29,425 BUY
Williams %R -22,727 BUY
CCI(14) 117,1167 BUY
ATR(14) 0,2536 low volatility
Highs/Lows(14) 0,1743 BUY
Ultimate Oscillator 56,784 BUY
ROC 1,331 BUY
Bull/Bear Power(13) 0,5600 BUY
Bullish divergence.6 months of accumulation demonstrated by the divergence in price and momentum indicators.
Relately good time to invest!This is a popular energy stock with immense volume. It is currently at a low point. According to Yahoo Finance, an undervalued stock. This stock is not necessarily a bad option currently and seems as if it will go up very soon.
$OXY Look for it to be a runner this week. BullishI'm looking for Occidental to push to $38.5-$39 this week and judging by options activity so are the big boys.
OXY
OXY good risk to reward tradeDivergence all over the place, on some support from a decade or so ago, holding some mid January contracts
OXYLong term trade, bounce off '08 low, institutional and insider trades support potential movement upwards.
OXY Bottom? Time to Buy?I think so. Longing on Friday open about 75% of my position. Will buy the other 25% whether it heads down or up within the next couple months.
Neutral on OXY, but intriguedAs you can see by the descending trendline, the decline in OXY over the past year has actually been somewhat organized. The share price is now at a level not seen since November 2008, which leaves me tempted to initiate a small position as the risk/reward seems favorable. My suggested stop would be anywhere from $37 to $37.50.
Obviously there are a lot of storylines at play with OXY, but insiders have been buying, Berkshire's been buying, and most analysts' price targets are well above where the share price is now.
I'm intrigued.
[insert $oxy pun]11/08/19 47 C 100 basis .32$.
11/15/19 51 C 100 basis .18$.
Plotted out every gap fill with ranges and levels.
May the best bettor win.
Occidental Petroleum finally breaksThe break is quite impulsive and going up. Today we have earnings after the close US session. High expectations that this run will continue so hold your longs.
Good Luck!
