years on the market

Trading idea for Occidental Petroleum Corporation (NYSE)

The overall trend is upward. The stock is trading in the range of 365 and 135 moving averages. The descending wave pattern is truncated. Awesome Oscillator shows a bullish divergence, and Stochastic Oscillator indicates an oversold condition. The support level of 25.00 holds back sellers.

Trading idea:

Buy when an ascending wave pattern is formed, where the wave (A) breaks through the inclined channel of the descending truncated pattern.

Stop loss: under the support level: 25.00.

Target levels: 28.64; 31.68.

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