$OXY
Added 2023-11-07 19:39:25 +0000 UTCEarnings after the close today, so in an hour and a half we will know if $OXY can finally break out of this wedge that it has been in since August '22.
I am bullish on $OXY and I see it as a hedge against what is happening in the Middle East and BRICs manipulating the price of oil by reducing supply.
The price has pulled back to the 0.887 Fib here so this is quite tight now leading to earnings, it may be that market makers are trying to get the most from the price or concerned that $OXY misses on their report as they did in August (share price rose directly after the miss in August by 12%)
My Wave 5 target remains at $88 but if a lower low is made after the earnings, so below $59.....this may come down to the bottom of the wedge again at $53.
Comments
Daniel… Cap is wrong… this is my stock 😂 buy 55 sell 65 😉
Qubas
2023-11-07 20:41:41 +0000 UTCI like your thinking Daniel
Gareth Neary
2023-11-07 19:57:54 +0000 UTCpls , give us this jewel at $53. It would be a christmas gift
Daniel SI
2023-11-07 19:56:58 +0000 UTC
