#OXY
The trend is upward. The stock is trading in the range of 365 and 135 moving averages. The descending wave pattern is truncated, and Awesome Oscillator shows a bullish divergence. The breakout of 26.80 will result in the formation of an ascending wave pattern.
Trading idea:
Buy at the breakout of 26.80.
Stop Loss: 22.90.
Target levels: 31.68; 37.36.