Occidental Petroleum — 8th week of decline, mixed signals
OXY: sell signal still active, but daily chart sends a warning
Occidental Petroleum — 8th week of decline, mixed signals
In Summary
Occidental Petroleum is at week 8 of a sell signal, with the trade recording a 5% loss from entry. Weekly indicators describe a consolidating decline; however, on the daily chart a double bottom in the 54 area with a 16% rebound sends a notable technical warning worth monitoring.
IQS Phase
57
ordinary
Signal Strength
2
indecisive week
Sizing
MINIMUM
Ranking
#72 / 114
US stocks
Trade P&L %
-5.11%
from signal to today
restricted Platinum content