Descending Triangle with bullish divergence. Breaking out.

Oxy was punished for the perceived over payment of Anadarko Petroleum. Severely undervalued @$40. In 2018 Anadarko had assest value's of 40 billion alone. Occidental had assets valued at 43 billion. At the current price of $41 OXY's market cap is only 36 Billion. Less than half the combined 2018 valuation. Perfect chart setup.

Commentaire:

As predicted a nice breakout. It may take a breather but I believe this will continue. It may take an earnings report that instills some confidence.