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OCCIDENTAL PETROLEUM CORPORATIONOCCIDENTAL PETROLEUM CORPORATIONOCCIDENTAL PETROLEUM CORPORATION

OCCIDENTAL PETROLEUM CORPORATION

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OXY1 trade ideas

OXY / Long Term Long Position!Extended my Energy Portfolio with Occidental Petroleum Corp shares. Fundamental: I will stick to my opinion and investment strategie by adding this asset to my list. I personally think that nearly every energy-related stock is trading unter it's actual value . Revenue in 2019: Q2: 8543 mio USD Q3: 5743 mio. USD Profit both positive minus nearly the same costs. Technical: Support: 38.500 RSI(14) 61,443 BUY STOCH(9,6) 67,992 BUY STOCHRSI(14) 78,901 Overought MACD(12,26) 0,190 BUY ADX(14) 29,425 BUY Williams %R -22,727 BUY CCI(14) 117,1167 BUY ATR(14) 0,2536 low volatility Highs/Lows(14) 0,1743 BUY Ultimate Oscillator 56,784 BUY ROC 1,331 BUY Bull/Bear Power(13) 0,5600 BUY
NYSE:OXYLong
by Christian-Georgi
Neutral on OXY, but intriguedAs you can see by the descending trendline, the decline in OXY over the past year has actually been somewhat organized. The share price is now at a level not seen since November 2008, which leaves me tempted to initiate a small position as the risk/reward seems favorable. My suggested stop would be anywhere from $37 to $37.50. Obviously there are a lot of storylines at play with OXY, but insiders have been buying, Berkshire's been buying, and most analysts' price targets are well above where the share price is now. I'm intrigued.
NYSE:OXY
by NickWA
Occidental Petroleum: Short opportunity on the Falling Wedge.Occidental Petroleum Corp (OXY) has been trading within a Falling Wedge since the start of 2019 (1M RSI = 31.189, MACD = -6.930, Highs/Lows = -12.8700, ADX = 47.707). The RSI on the 1D chart has clearly marked the last 3 Lower Highs near the 61.000 level. We expect a decline based on that pattern and are targeting the 40.10 Support. ** If you like our free content follow our profile (tradingview.sweetlogin.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
NYSE:OXYShort
by InvestingScope
Occidental Petroleum finally at supportPrice finally reached the $40 level, closing shorts here and now looking for reversal. Already seeing divergence on a weekly chart, This is a very strong support level. On a daily chart (see below) rosk-reward for a long is best at the moment, targetting a retest fo the $58-$60 area. Could form inverse H&S here. Next earnings on November 4, and company nudged its estimate for third-quarter production higher on Tuesday. Based on price targets from other banks and investment funds, it is very oversold and expectations are to go up. Good Luck!
NYSE:OXY
by Antonio_trader
4