$OXY - Potential for Longs
NYSE:OXY has been in this descending channel for a while now and it recently broke the trend line to the upside.
I can see NYSE:OXY bouncing on the order block/retesting the trend line before moving higher.
Key facts today
Long OXYAs growth starts to keep a bearish trend, I expect this breakout to continue on Oxy. I have been layering into call spreads for about a month since the local lows. Lots of room to run on the weekly stochastic RSI rising from low volatility. This stall candle we just printed is bullish and I expect c
OXY: Questionable Financials and Bearish Chart PatternOXY has o.k. financials but not great:
PE: 12.65
Current ratio: 1.00x (below 1.20x is bad)
Quick ratio: 0.76x (below 1.00x is bad)
The EBITDA margin is really strong at 52% and consistently strong over the years. However, its free cash flow varies between significantly negative and positive.
$28 b
OXY, going long.The energy sector is overlooked. I believe OXY presents itself as a valuable investment for generations. From essential resources to services, there is no doubt there lays a mint of life long cash-flows. Energy prices are volatile and this company is established to survive a stress tested $30 Oil pr
Occidental Petroleum ($OXY): Buffett-Backed Value Play in Energy
Introduction:
Occidental Petroleum ( NYSE:OXY ) is an energy giant🌍 that’s catching attention for all the right reasons. With Warren Buffett’s Berkshire Hathaway owning 28.8% of its shares, record-breaking production levels, and innovative strides in carbon capture, OXY has positioned itself as a
OXY value.OXY at this price presents a solid opportunity. This is a forecast and range of price targets for the next 12-mo. Should Oil prices return to the 70+ levels, we can expect the margins and revenue to show this additional return.
Be better than warren buffet - Buying oxy at 47, buffet bot @65Oil and oil stock are in down trend since trump won the election--> reason trump will do drill baby drill, oil supply increase and it will be cheap, but increasing oil production isnt that quick but any ways . Oxy is sitting at vwap level of 2020. Buffet bot at 65 , i am buying at 47. Are you ready
OXY BUTTERFLY FORMATIONHello Everyone,
I believe we have formed bottomed on OXY in a way a harmonic pattern called a Butterfly. I have shared my entry level, exit level, and stop loss. Good luck!
OXY another swingOXY is one of my most profitable tickers over time. Looking at crude makes me more bullish as growth stocks overheat. I note a rising average volume and a bottoming BBWP volatility indicator. Stochastic RSI is rising alongside falling price trend, this is bullish divergence. The weekly stochastic br
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