Nov. 15 at 8:18 AM
$OXY is currently trading at
$42.76, showing a neutral RSI of 53.38, indicating no immediate overbought or oversold conditions. The 30-day moving average (MA30) at
$41.95 suggests a bullish trend as the current price is above this level. However, the 50-day moving average (MA50) at
$43.73 indicates potential resistance just above the current price.
Given the recent 60-day high of
$49.45 and low of
$39.75, the price is closer to the upper range, which could limit upside potential. A directional bias leans slightly bullish due to the position above MA30, but caution is warranted near MA50.
Suggested entry at
$42.80, with a stop loss set at
$41.50 to manage risk. Target 1 is set at
$44.50 (near MA50), and Target 2 at
$46.00, reflecting a conservative approach to capturing gains while monitoring resistance levels.
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