$OXY - WATCHLIST -
Added 2023-07-28 18:34:07 +0000 UTCLooks like there could be a nice opportunity to add here shortly.
Price has been held by the 200 Day MA, after completing 5 waves up and breaking out of this wedge.
I had added in Fib levels now and we can conveniently see that the 0.618 Fib is just at the 0.618 Fib level at $59 and at the trend line support.
We saw this happen with $BABA, $ZM, $DAL, $ABNB too.
If the price can come back and hold at this level at $59, it is a strong buy and add for me.
Comments
I love $OXY and decided to buy. My only concern is if oil price will increase or not. I know they have other sources of revenue but i think oil is significant. What is your view on oil?
Daniel SI
2023-07-28 19:26:45 +0000 UTCadded here
makis
2023-07-28 19:17:55 +0000 UTC
