Traders are watching this Rounding Bottom on OXY. Inspect the chart now.
Gradual reversal from bearish to bullish.
Traders are watching Occidental Petroleum (OXY) as price action tightens. The stock is trading at $46.24, up 1.64% on the day. Algorithmically, a **Rounding Bottom** structure has completed. The trend indicator is reading 17.8/100, suggesting moderate momentum. A potential breakout level is identified at **$47.69**, targeting **$56.58** with support near **$43.24** (R:R 2.0).
What is your outlook on OXY?