$OXY - RC -
Added 2024-05-15 16:10:44 +0000 UTC$OXY holding on the 200 Day MA and the red line which keeps this in an impulse wave.
Holding here also protects $OXY from getting back into the descending yellow wedge.
Capital was moved heavily into oil stocks during the escalated tensions in the middle east and concerns in the market but that has resided now in the short term
I would be surprised to see $OXY fall back into the wedge, so far a retest of the 200 Day MA is appropriate and may offer an opportunity to add.
