The Long Investor
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$OXY - WATCHLIST -
🕑 Added 2025-05-15 15:25:02 +0000 UTCI really like this chart right now.
Price has held perfectly on the 0.618 Fib at $34 and now has bounced back to the channel bottom line at $43 again today, which is also the 0.5 Fib
Holding above this level and I believe the price can continue higher to the 200 WMA which is at the Buffett Buy Zone level again at $55.
So adding if the price can hold at $43 will mean you will have a better average than Buffett here and a new impulse wave can start here.
Comments
djordje pavlovic
Hi Cap r u getting into oxy position? What is risk vs reward?
Kyle L
Sold mine around 5% loss for same reason. Already have large exposure to $XOM so I decided to reduce exposure by cutting my 2 buys in $OXY.
Luc
Hi Cap, I really like the look of some oil stock charts at the moment, but I read a few comment in the chat saying that oil won't do good if a recession occur, so this is the reason I am not pulling the trigger. I would appreciate your thought on this. Regards
