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Occidental Petroleum Corp (Extended Hours)

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OXY trade ideas

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 broke that resistance, and we are printing and inside week candle here with very small wicks, I believe we are about to pivot. My plan is to swing this into the supply box noted above, I also wouldn't hesitate to take profits at that long term fib. My plan: I have started adding Feb 2025 62.5$ calls and will layer in some 60$ calls for a spread, I will keep the position under 1,000$, I tend to have a higher win rate than lose rate with OXY so I am comfortable with this setup.
NYSE:OXYLong
by Apollo_21mil
How are risk free trades done (a simple way)🟢 How are risk free trades done (a simple way) ✴️ Rationale The video shows how to take advantage of an incredibly famous chart pattern: 🥇 The TRIPLE BOTTOM chart pattern🥇 This pattern shows a strong support that have worked at least 3 times, and the video shows how to act when the 4th bottom is unfolding. The video shows how trade RISK FREE avoiding the risk as soon as the market allows you to do so. Step 1: Split Use 50% of your money for the risk free strategy and the other 50% to Take large profits. Step 2: Set up Stop Loss for both strategies Both strategies should share the Stop Loss, usually around 3 to 6% and trying to use some previous minimum/maximum prices to adjust. Step 3: Set up a Risk Free take profits The first 50% of your capital will have more or less the same Stop Loss and Take profits. Both will be around 3 to 6% of the buy level. If the take profits is hit, you earn enough to pay for the Stop Loss of the other 50%. Step 4: Find a reasonable Take profits for the returns strategy The other 50% of your money needs a take profits far away of the buy zone, meaning that you can potentially earn more than 3 times the risk. So at least find for 10% targets, if that's not posible this is not a feasible trade, there is too much risk. Always check previous support and resistance levels. Step 4: Enjoy There are 3 outcomes: 1. Both strategies do Stop Loss and you lose around 3 to 6% of the amount of the trade. 2. Your Risk free trade take profits work but your return strategy fail. this is a 0 to 1% return. 3. Both strategies work as expected giving you over 10% return on average. In the video you'll see opportunities in: NYSE:OXY 🟢 +10% trade finished (risk free gains) 🟢 +10% trade finished (risk free gains) 🔵 0% trade finished (risk free) 🟢 +25% unfolding (risk free phase) NASDAQ:DLTR 🟢 +15% trade unfolding (risk free phase) The idea: FX:EURUSD 🟢 200 pips trade unfolding (risk free phase) The idea:
NYSE:OXYEducation
by TopChartPatterns
OXYOccidental looks to have built a solid base around the 50.00 level and a false break below that along with yesterdays gap up triggered an early entry with my buy order at 51.60 and stop below support at 49.40. For the next entries I'm watching for 8x21 ema cross, or a close above 53.05 for 2nd entry with the third entry a close above 55.11 and break of those candle highs. an alternate entry is the 21 ema closing above the 89 ema on the daily chart. The stops are will most likely be at 49.40 unless a better level presents itself.
NYSE:OXYLong
by WarrenCP
buy 153 oxy and sell 100 xle or 1530 long oxy 1000 short xlei expect oxy to outperform xle i made my own ratio based on my own proprietary means of making a ratio that i thought worked. you pay 215 a year in dividends on 100 xle minues the oxy gains of 85 you pay 2100 a year in xle dividends on 1000 xle minus the oxy dividend gain of 850 per year this trade is very near its all time low. i expect the trade to work out and i will exit half when the trade gets to zero netting 500 on 50 units and netting 5k on 500 units the second 50 units i would run until about +1000 and exit this would net 20 x50= 1000 so total gain would be 500 plus 1000 or 1500 on 1000 units this would net $ 15,000 i am putting this trade on tomorrow is my mathe corect?
NYSE:OXY
by cutlossking
10
Oxy did pivotThankfully I do not wait until everything comes perfectly into play. I did not see much else appealing stock wise for undervalued sectors so I started to buy into my OXY plan ahead of the hopeful touch of the fib. This has played out nicely, I did end up going with December 55/60 strike spreads and my 60s are already up 60%. Oxy has a long way to run to even touch the 200 EMA on the weekly. You will also note that the weekly stochastic RSI is just starting to coil upward, these war fears are pumping oil and defensive stocks. My initial target is marked, I will sell my 55$ strikes there. Depending on IV I might sell my 60s there as well as theyd be up almost 400%. If we get a pullback I am looking for a larger safer LEAP position for next year.
NYSE:OXYLong
by Apollo_21mil
It's not over for OXY BABY!!!Market makers are trying to scare you. Yes, we could hit 46 dollars before moving back up to the upside. There has been quite a bit of behind the scenes bullish maneuvering if you really dig deep into the layers on OXY Don't doubt me on this one... this baby is set to fly soon. There is ONE guy who is gonna make this black gold pump hard has FAUUK! This is what they always do before a big move to the upside...make you doubt...make you fold then BOOM!...you realize you missed it! Stay strong...stay LONG on this one BABY!!!
NYSE:OXYLong
by marcomarcello2211
1
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