Oxy swing trade

505
Oxy is looking beaten down and recently fell below the cost basis Warren Buffet has. I have been eying this for a while as OXY was my most profitable swing trade of the year on the wedge break. you will need to look at crude oil futures as well. I would love to enter this trade on this golden fib here, anything in the 48$ range and I will be eyeing 55$ Jan calls. The weekly stochastic is bottoming pretty heavily. People do also forget the company recently acquired a cash flow midstream machine that should help in their future earnings.

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