The Long Investor
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$OXY
🕑 Added 2025-02-28 20:46:28 +0000 UTCWe have a higher low in here with a hold of support on the 0.78 Fib at $47 so we are looking for a higher high next above $53.21 which was a test of the 200 WMA
So breaking above this level and there will be another test of the 200 WMA from below after making a higher low, so this is a bullish indication, flipping the 200 WMA to support art $54 and bulls would be confident that a reversal is here next and our Wave 5 target comes into play.
For me, above the 50 and 200 WMA at $55 and I would be happy to confirm that the reversal is in and my Wave 5 target is next at $88.
Comments
Brian
Longgg wave 4. Been holding out since Nov 23. Let’s get it
