$OXY
Added 2023-10-04 19:08:01 +0000 UTCThe sharp drop in oil price has pushed $OXY down aggressively now and below the 50 and 200 Day MA, in the previous chart we were optimistic that $OXY was performing remarkably well and only pulling back to the 0.38 Fib at the 50 Day MA.....but this market has caught energy stocks too and has this right down to the 0.78 Fib, along with the majority of stocks that are experiencing their own pull back to this Fib.
A hold of support at $58 and I'll consider adding to my position again.
Comments
Thanks for the update on OXY, will keep an eye out for the alert
Jeff Akrawin
2023-10-04 20:30:23 +0000 UTC
