I have a few basic remarks I can make on OXY, a stock I don’t usually cover. I wanted to point out the breakout is has made from this contracting price action, a wedge that has a bullish bias:
I also like way its riding its 50-day SMA here. So long as that can be maintained, this may target the prior highs. Any fall below the lower red rail would spell trouble and spoil the call.
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