skythelimit
10-02

$Occidental(OXY)$ OXY updated DD for everyone

Price is coming off multi-year lows and we are seeing further escalations in the Middle East here already + production disruptions & supply chain impacts of the Hurricane hitting the Gulf Coast

OXY is one of Warren Buffett/Berkshire's top positions (they still have a 27.3% stake in the company) and there continues to be lots of bullish flow on energy names, which are largely beaten down and oversold

Very good risk:reward swing trade especially as it appears to have based and begun to curl off of the 200 MA on the weekly chart here. Room back up to the 50 MA (currently at $60.15)

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