OPC trade ideas
Trade1027.co.za Alert on Occidental Petroleum (OXY)"Energy-stock valuations have come down this year and are below their long-term average. And many industry players are responding to investor pressure to rein in capital spending, curb supply, boost returns, and pay out more to shareholders in dividends and stock repurchases," Andrew Barry.
Looking to trade the short-term reversal.
New Trade1027.co.za Alert Occidental Petroleum (OXY)"Energy-stock valuations have come down this year and are below their long-term average. And many industry players are responding to investor pressure to rein in capital spending, curb supply, boost returns, and pay out more to shareholders in dividends and stock repurchases," Andrew Barry.
Short-term trading opportunity on OXY.
OXY going to rebound / Target $60 for 2019Fundamental trade: Dividend since 1970, even with canceling dividend next year saving the company 2.5 Billion for debt payments Fueling the snapback, contrarian move => too much negativity. Board Members share purchase, Revenue and Earnings are rising since 2017
Technical: extreme Oversold on Monthly/Weekly Chart, Chanel resistance, should reach 80 by the first quarter of 2020
Risk: next support $30 then $4
check out Option Play as they are interesting moves made, especially Call/Put for January 2020
My Target: $60 by December 2019 and $80 next year
OXY downward channel into Major SupportOXY is currently in a long term downward channel and testing the bottom of it. The severe decline in price over the last few years is plummeting OXY into MAJOR support. This confluences with the downward channel, and we are likely (in my opinion) to see a trend change soon to test the top of the downward channel as long as the support holds. OXY, as well as all petroleum companies, is currently battling with gas and oil prices which are handicapping it severely. This idea is very subject to becoming invalidated due to fundamentals with that said, as well as OXY has just dug themselves into even more debt with a $37 Billion purchase in attempts to expand. Hopefully their efforts pay off, and don't send their stock prices into a death spiral, because breaking this major support would be very BEARISH for OXY shareholders.
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Recuperacion del crudo(long)Las empresas del crudo experimientan un pequeño incremento . Debido a la pequrña recuperacion del meecado ... eso haria q rl precio viniera a buscar la MA 150 ...
Occidental Petroleum updateLast time price was this low was in February 2009. With global growth worries as banks across the globe started to cut rates this summer, oil prices took another blow and stock of Occidental followed. A major level is at $40 where a great risk-reward buying opportunity, if the level holds.
On the technical side, stock is oversold on indicators and waiting for the reversal pattern on smaller time frames.
Major banks downgraded Occidental stocks 'from Buy to Neutral' in the first quarter of 2019 with price target ranging $55-$70. As the price hits support and global growth picks up would be a great opportunity to ride the wave here. Good Luck!
Questionable TechnicalsThis chart shows a clear 3-year BULL market (08-11) followed by a long 8-year BEAR market. We see this trading at the bottom of the long bear channel, and in-fact, it looks like it broke through that channel and is on the way to the supports marked at 44 and then 40. I hold this long, am down since my initial purchase, and am reinvesting my dividends. I see another 15% downside from here, with a potential 80%+ upside long-term. This is a CORE position in my retirement portfolio.
The company recently sold corporate bonds to finance their purchase of Anadarko, which appears to have been in high demand (30yr bond getting close to 5%). This leads me to believe that the company will weather the storm, will come back stronger than ever, and eventually will make all investors who purchase this very happy.... I'm talking 10-years here, so anyone looking to get rich quick is shit out of luck....
Cash flow is king here, and as long as they can recognize cost synergies, shareholders will be rewarded.
If you buy this now, you would have bought shares cheaper than the CEO recently purchased them. However, know the risks; no investment is a sure thing
Happy investing.
OXY Petroleum BULL Q1-Q2 2020 Probability If CUP AND HANDLE condition met, expect BULLish Pattern after beginning of 2020 !!
First Published IDEA!!
Double bottom at major support- At major support level
- Double bottom
- Seem to be in range
- Earnings is OK and 2 bull bars at support
- Gained when broad market was down
Going to buy OXY this week!Waiting for my laguerre RSI and Gann to give me the final confirmations from my algo, once it crosses the red line I will enter. Warren Buffett just pledged 10 billion for OXY to takeover APC so this is essentially a news play. I'm bullish on OXY for the rest of the year.
Bear Candles (Slightly Deviated)Oscillators on the down. Some bullish resistance on the current candlestick, may or mat not lead to anything.
$OXY Occidental Petroleum, trades at a discount price. Due to the resurgence in oil prices over the past month, we see OXy as having great potential rewards for investors. Currently trading at a 12 P/E and at the same price as 2016 when oil was 50% less in price, this looks like a sure bet.
OCCIDENTAL PETROLEUM CORP. (NYSE:OXY)-D1 - BEARISH SHARK PTTRN.* Bearish Shark Pattern
* Some indicators are looking bearish on D1.
OXY - BULLISH DIVERGENCE ON D1* Some indicators are looking bullish
*Bullish Divengence on rsi and cci... (blue arrows)
$OXY Goodnight Daily chart doesn't show & tell as much as 4Hourly does. Neg MFI divergence to compliment a break of 20 EMA + bearish 20 crossover of 55MA (low). Candle pattern towards top is like de ja vu all the way back to late Jan. OPEC meeting coming up so I'm sure that'll add to a temporary panic sell, but OPEC potentially planning to increase production so depending on the outcome, I'd be bullish after seeing a dip. $77.50 first target price w/ $72.50 worst case before seeing a re-trace but, it's not easy being bullish on crude with a bullish US dollar
