OXY trade ideas
Bought $OXY todayReally like this name and the Oil / energy sector as a whole RN
I will manage the book as we go.
REMEMBER:
buy dips sell rips...
OXY big breakdown !!!$27 puts expiration 8-20 a price target $22!!!!! Big breakdown on the Ichimoku plus we have parabolic SARS appearing bearish. We have MACD crossover and sitting below the 200ma. Can’t have very much more stacked in your favor. If your on a budget $25 puts for 8-20 are only around $90. If u want to go even cheaper u can try selling the $22 put for 8-20 while buying the $25 put for 8-20. Cost around $60 per contract and caps ur max profit at $240. Not financial advice this is purely for fun.
oxy solid fundamentalsas long as oil is $70+ a barrel oxy is going back to the old prices bullish on this one and long
OXY Occidental Petroleum Corporation Uptrend Breakout for 62.66Monthly UTREND BREAKOUT 010621
Weekly UPTREND since 231120
Daily UPTREND since 070521
Pivot 27.90
Long positions above 27.90 for 48.13 and 62.66
Short positions below 27.90 for 21.08 and 9.60
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OXY Cup and HandleNYSE:OXY had a breakout bar today to finish a cup and handle pattern right on top of the 200 EMA.
OXY BR of H4 range uptrend.Correction in time followed by the beginning of the next impulse. Close if the day will show if it's a good candidate for long.
Thank you.
OXY LongTrade price: $29.29
Take profit: $42
Stop loss: $26.83
R/R: 1 to 6
Very solid company, good oil prices.
Economy reopening will increase oil demand.
OXY setting up for a big moveAll energy stocks are coiling like crazy.
WTI is the verge of a breakout to the 70s and possibly much higher into the fall.
OXY Busted Symmetrical TriangleNice setup on OXY
Looking for a quick move to the overhead supply zone
OXY set to go higherThe stock will rally once the price breaks past the pink line. Oil and gas will get more expensive as the demand continues to increase. Sure, people are driving less and working from home BUT the amount of construction projects going on is staggering, heavy trucks and equipment use A LOT of oil and gas. The demand is strong and the bull rally that started in OCT 2020 will continue.
Energy sector is going to be hot soon Oil companies still have room to continue rising and continue the trend that began at the end of October last year. After they reached a peak as of March, they have been on hiatus, but this, from my perspective, will not last long and we will see a continuation of the trend soon.
Likewise, I see it likely that oil prices will continue to rise in the following months until they reach at least $100 per barrel.
The oil companies with the lowest prices tend to rise the most, although a good way to capitalize on the trend would be to go for a leveraged ETF for the entire sector, such as GUSH.
ABC BullishOXY is trying to break through a previous gap down today which is causing resistance. If price gets above it it will become a source of support.
ABC bullish is a measured move down within a larger measured move down. Targets are calculated using the AB leg (32.52 - 17.09) and fib levels. I use .38, .62 and .79 for targets one but there are other ways to do the calculation, such as using the exact fib levels of .386, .618 and .786. The AB leg is multiplied by these levels and added to long entry level. Possible stop can be under C. Long entry level is placed at the break of the BC leg with an uptrend. This level is subjective as you may not place that at the same place I place it (o:
No recommendation
$OXY - unusual call optionsThere are some big bets at the $30 strike price with expirations of 5/21 and 5/28
I already played options on this stock and cashed out at 30%. I have alerts set to detect dips to buy back in with a June 4 expiration.
I never assume that big option bets mean anything definitive.
OXY rising with SPNOverview:
SPN pulls ahead of other SP500 categories for YTD returns
OXY performing quick second test of resistance
Current Trend:
OXY was bearish
RSI is rising
Trade Plan:
Enter OXY at end of day (5/5) if above resistance line
If fails to break resistance put back on watchlist
Target Profit:
Sell 100% of position at $30.00
Stop Loss:
Initial $25.77
Trailing to low of previous day
Risk Reward Ratio:
2:1
My trading plan dictates that this is my minimum ratio
Disclaimer
Not investment advice. Thinking out loud in a crowded room.
$OXY | Bull Flag Breakout: Watch For Upside Continuation$OXY broke out of a bull flag and price is now consolidating above a key pivot. Watch for continuation to the upside.
