$OXY
Added 2023-05-10 12:45:12 +0000 UTCDisappointing earnings, I am waiting to see how the analysts react in terms of new price targets but for now, the levels I am watching, in order to keep the green impulse wave live is the 0.78 Fib at $57.87, the 0.88 Fib at $56.77 and the last valid line would be the Wave 4 holding level at the 0.38 Fib in white at $55.92.
Buffet announced at the weekend that he would not be buying $OXY outright but expressed an interest of buying more shares, maybe he will take advantage of cheaper prices now.
Comments
I'm hoping the share buy back and higher forward guidence and oil going up today, puts a spin on their bad earnings.
Oba
2023-05-10 12:47:27 +0000 UTC
