SamSuka
The Long Investor
The Long Investor

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$OXY - WATCHLIST -

$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.

$OXY - WATCHLIST -

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