OXY rising from buying zone after fall from Head and Shoulders

٣ نوفمبر ٢٠٢٢

OXY

Warren Buffett's favorite new acquisition is now in an uptrend

and following somewhat of an ascending wedge.

This appears to be a good swing long setup with a

Stop Loss of 71.6 at the recent pivot low and a

Take Profit at the neckline of the head and shoulders pattern which signalled

the downtrend at 73.83. I will trade this with the call options

expiring 11/18 with the strike of 73.

٦ نوفمبر ٢٠٢٢

تم فتح الصفقة

OXY popped on Friday as did its call options. Took a partial and look for
more action in the upcoming week.