$OXY is looking for the higher low now with this pull back and has already tested its 0.618 Fib yesterday
A hold here above $48 and we are looking for subwave 3 to come in next which would effectively bring this back up to the 200 Day MA which is at $55 now.
Above this level and the price is back into the Buffett Buy Zone, above all important moving averages and moving in an impulse wave.
So holding $48 will be important, losing this level will show more weakness and a lower low should expected here then.
Shawn
2025-02-14 17:53:29 +0000 UTC