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Is OXY heading for a slide? Lower Bollinger Band Walk shows up after sinking 2.3%
On Thursday, June 18th, OXY moved down 2.3% while volume was to 0.8× the usual levels. The session formed a Lower Bollinger Band Walk, often signaling a possible continuation. Key support levels exist at 51.2, 50.58 & 49.97, with resistance at 52.43, 53.04 & 53.66. Meanwhile, Slow Stochastic is showing oversold conditions.
Current SwingTradeBot Technical Rating of OXY: C
This might just be the start. See what else showed up for OXY today.
Read full article here »