Running Low On OXY?
I believe we will be "running low on oxy" over the next few days or weeks.
A head and shoulders pattern was identified on the daily in confluence with 2 rising support trendlines. OXY broke below the neckline of the head and shoulders pattern on Friday, February 3, 2023. Furthermore, the daily chart shows an increase of sellers at the break of the neckline.
Therefore, I'd be interested in shorting OXY if it holds below the neckline AND breaks below the 2 rising support lines (for further confirmation). The level of interest is 60.
Akili,
MrALtrades00
*This is not financial advice.
I believe we will be "running low on oxy" over the next few days or weeks.
A head and shoulders pattern was identified on the daily in confluence with 2 rising support trendlines. OXY broke below the neckline of the head and shoulders pattern on Friday, February 3, 2023. Furthermore, the daily chart shows an increase of sellers at the break of the neckline.
Therefore, I'd be interested in shorting OXY if it holds below the neckline AND breaks below the 2 rising support lines (for further confirmation). The level of interest is 60.
Akili,
MrALtrades00
*This is not financial advice.