DolevR

What’s going on with OXY? Can someone stop this Seles dance?

NYSE:OXY   Occidental Petroleum Corporation
Occidental Petroleum is one of the world’s biggest energy producers.
And still in the last couple of months OXY performs badly; while the energy sector and the entire market almost managed to fully close the deviation of the COVID-19, Occidental shows like dozens of sellers are controlling it’s price.
In the last week price successfully broke down the buyers’ support line (around 12.60$) and in addition volume was risen up -about 13th average. This simple event can point that the sellers are takeover the price.
The next resistance is on 11.40$ - In the absence of new blood it may also brake down these support line. 

A few days ago a friend told me that the world feels satiated from polluting companies that work against nature. As the time goes on I understand that he was right.
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