A simple 5% OXY setup: Triple bottom support on a 1-month chart with Bollinger band constriction, and an oversold RSI indicator.
OXY (Occidental Petroleum) is a strong company with a 1.55% dividend yield and upcoming earnings.
The idea: Enter trade below $57 and exit at or above $60.
$60 is the next upper resistance point and if broken the secondary resistance would be near $65
OXY (Occidental Petroleum) is a strong company with a 1.55% dividend yield and upcoming earnings.
The idea: Enter trade below $57 and exit at or above $60.
$60 is the next upper resistance point and if broken the secondary resistance would be near $65
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