Trading idea for Occidental Petroleum Corporation (NYSE)

#OXY

The trend is ascending. The stock is trading in the 365 and 135 moving averages range. The descending wave structure is truncated, and the Awesome Oscillator indicator shows bullish divergence. 

Trading idea:

Buy on the formation of an ascending wave structure where wave (A) breaks the descending truncated structure's inclined channel.

Stop Loss: 64.12.

Target levels: 70.80; 76.00.