Traders are watching this Ascending Triangle on OXY. Inspect the chart now.
Bullish continuation pattern.
A clear signal has emerged for Occidental Petroleum (OXY) on the daily chart. Price has moved to $62.97 (1.19%) amidst recent volatility. The primary technical feature is a Ascending Triangle formation. Buying pressure is average relative to the 20-day average. A potential breakout level is identified at $67.45, targeting $85.33 with support near $58.1 (R:R 1.91).
What is your outlook on OXY?