$OXY has now converted the 200 Day MA to support finally after a month toying with it and is now testing the top trend line of this large wedge.
We have been bullish on $OXY for some time now and it moves incredibly slow, it is also a firm favourite of Buffetts too and I have highlighted the Buffett buy zone on the chart.
A break above $63 and $OXY is out of the wedge, so staying above this level is what we want to see, a successful hold here and $OXY can drift up to our Wave 5 level at $88.