Each time OXY has touched 55 or 56 it has found great support. That is where Warren bought most of his shares. Watching for another bounce.
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OXY is in a uptrend. Bullish entries should be okay at this moment.
Another caveat here is articles posting that Buffet bought more shares yesterday. so there is a series of catalysts about Buffet buying targeting a 20 percent ownership.
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Potential Sell-Side Exit Point on 15m Timeframe for OXY. This is not a Buy Signal, just a suggested place where exiting or scaling out might be beneficial.
This is a test idea so I’m just making some notations for when I’m going back through tweaking our signals. This exit point is being called off the flag on the 15m. Could be a place to start a position if you’re bullish.
Strong Confirmed Buy Alert on 15m Timeframe for OXY
Potential Buy-Side Exit Point on 30m Timeframe for OXY. This is not a Sell Signal, just a suggested place where exiting or scaling out might be beneficial.
Confirmed Sell Alert on 15m Timeframe for OXY
Confirmed Sell Alert on 30m Timeframe for OXY
Strong Confirmed Buy Alert on 15m Timeframe for OXY
Strong Confirmed Sell Alert on 15m Timeframe for OXY
A Normal Sell Signal has Turned Strong on 15m Timeframe for OXY. Consider Dropping Calls.
Potential Sell-Side Exit Point on 15m Timeframe for OXY. This is not a Buy Signal, just a suggested place where exiting or scaling out might be beneficial.
Strong Confirmed Buy Alert on 15m Timeframe for OXY
Strong Confirmed Buy Alert on 30m Timeframe for OXY
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Potential Uptrend Weakening/Reversal Point on 15m Timeframe for OXY. This may be a good spot to start scaling out of calls.
Potential Uptrend Weakening/Reversal Point on 30m Timeframe for OXY. This may be a good spot to start scaling out of calls.
Morning Update
The last AH signal for OXY was a BUY on the 30m Timeframe
The last signal can occasionally be indicative of a sustained trend, however opening volatility can quickly change the siutation so be sure to be mindful and take profit if you see it.
This Trade Idea signaled a weakening downtrend at 9:30 AM yesterday, bullish entries off that signal would’ve been at around $61.30, that was converted to a buy signal at 10AM. The uptrend weakening signal was issued at 3:00 at $63.72. This play had a gap down overnight so the uptrend weakening signal would’ve saved positions from it.
I’m actually really liking trading the weakening signals. Going to become a larger part of my strategy I think.
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Potential Downtrend Weakening/Reversal Point on 15m Timeframe for OXY. This may be a good spot to start scaling into calls.
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