OPC trade ideas
Occidental Petroleum Corporation $OXYgetting above $19.19 is a good sign for the stock. It is a support now and the target price will be $26.27 to fill the gap.
12 months Consensus Price Target: $23.43
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Please don't trade according to the ideas, rely on your own knowledge.
OXY - buy stock or long swing callsI bought the stock around $12 and sold around $23. Now I bought Nov 2020, 30 strike. Another option is Aug 2020, 25 strike. See monthly and weekly charts. I will keep or exit position using daily and weekly chart. I have a small position so if stock cannot hold 15-16 price, my real loss will be small.
OXY forecastSWING
Buy limit at
1) 17.2USD
2) 18.6USD
3) 20USD
SL at 1ATR from 17.2USD (17.2-2=15.2USD)
TP 1 at 24.5USD
TP 2 at 30.5USD
TP 3 at 37.5USD
Money Management. RISK 3%, 1/3 Take Profit from each TP
Occidental getting ready to move?I’ve been watching this for a while now. I will watching for a LPS to form.
OXY Breakout target 16$ Zone 11/06/2020OXY Breakout target 16$
PLEASE TRADE ON YOUR OWN RISK THIS IS NOT ADVICE IN ANY KIND OF WAY.
$OXY JunCurrently holding some 6/19 22.50 call, it's looking pretty bullish unless we go bellow 17.24.
if it breaks 27.69 good run to 40?
Disclaimer
I'm a noob just posting here as a way to track and learn
$OXY - like the markets.... i have trust issues. $OXY
I dont even want to offer a recommendation on this one. Why? Because the company is literally upside down with debt.
See article:
www.houstonchronicle.com
From my quick analysis, it appears that oil contract that closed Friday of last week ended sharply higher. This carried into the weekend with the OPEC meeting and then into Monday bringing euphoria back to the market that we could possibly continued oil cuts & market stabilization. Today the narrative was changed saying that there is trust issues between major suppliers as we watched Aramco jack their prices.
I would wait to see if the stock can stabilize at the bottom of this gap zone in the 19-20 dollar range before buying or adding more $OXY.
Oil is another sector that will be completely rocked if a "second wave" of the virus hits. We still have millions of gallons of oil floating in barges across the world. I wonder how much deeper negative oil prices would go if we shut down again.
If it does rise, i would use $25.50 as an entry point and $24 as a stop loss.
$OXY Occidental Petroleum Bullish move
Hitting some major resistance levels , with the gap fill as a potential rejection target,
As long as oil remains stable OXY looks like a few $$$ more in gains
Short Interest 9% could help sustain the rally
Company Profile
Occidental Petroleum Corp. engages in the exploration and production of oil and natural gas. It operates through the following segments: Oil and Gas, Chemical, and Midstream and Marketing. The Oil and Gas segment explores for, develops and produces oil and condensate, natural gas liquids and natural gas. The Chemical segment manufactures and markets basic chemicals and vinyls. The Midstream and Marketing segment purchases, markets, gathers, processes, transports and stores oil, condensate, natural gas liquids, natural gas, carbon dioxide, and power. The company was founded in 1920 and is headquartered in Houston, TX.
$OXY Bullish signal targeting 28 currently 20.79Bullish candle closed above previous top showing the possibility to target upper gap lifted below 28 . indicators to the sky and still can be loaded if open near by Friday close to target falling channel . 1st resistance at 23 if not rejected then fine and if stayed inside it then new bullish trend . gap lifted on Friday between 20-15 which shall be stoploss for this idea.
$OXY - Gap theory however it left gap behind him ... $OXY - Gap theory however it left gap behind him, it might go down to close it and then advance for next resistance
nice uptrendnice uptrend on the daily chart. first target could be $18. breaking that level will open more room to $26.
Please note: just sharing my view. its not a recommendation for buying or selling
OXY Analysis Island Bottom Reversal + Flat Base, Log Scale + Bullish Momentum
Price Target: 26.73
Options Trade: 6/19 25c
oxy came over the range zone...bullish sigh with 25% upoxy came over the range zone...bullish sigh with 25% up
3 inside months for $oxyprevious week high is $14.77. waiting for a break above. higher lows have been forming on the daily. (Short Float: 8.58%, Shs Float: 898.11M)
$OXY LONGsloppy chart, haven't traded this in a while but $OIL $WTI performing good asf.. $OXY will go to $16+
OXY, liking this chartJust really liking this one, could move up with market moving opposite which I like
OXY - strong level watchOXY broke through a strong level of resistance $15.45, but went down during post-market. If the price stays above $15.45 tomorrow (June 4th) LONG trade.
Possible false breakout, in which case SHORT trade.
OXY OCCIDENTAL PETROLEUM CORP LONG SET UPOXY STOCK LONG
ENTRY 1 $14.00
ENTRY 2 $11.75
SL $8.75
Take Profit 1 $17.75
Take Profit 2 $21.75
Take Profit 2 $26.75
Take Profit 3 $36.75
Take Profit 4 $50.75
Take Profit 5 $64.75
