#OXY
The trend is upward. The stock is trading in the range of 365 and 135 moving averages. The descending wave pattern is truncated, and Awesome Oscillator shows a bullish divergence. The breakout of 26.80 will result in the formation of an ascending wave pattern.
Trading idea:
Buy at the …
The overall trend is downward. The price pivot zone of 1.7153 deters buyers. The ascending wave pattern of the H4 level is truncated, and a Bearish divergence has formed on Awesome Oscillator. Breaking through the support level of 1.7029 will result in the formation of a descending wave pattern …
The pair remains in a short-term uptrend. It's getting closer to our goal of yesterday. The pair still has the potential to continue growing, if the overall positive sentiment in the markets persists.
Technical side:
The price is located above the middle Bollinger band, above SMA 5 and SMA …
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