are you @NY_HOOD, @Tarzan ....? ok oxy. it has been going up for the past 1 month. today it gapped up. so it means there is not much juicy meat left. oxy needs to take a rest sooner or later.
You are now famous. ok oxy. it might go up a little more. But I doubt it is going to go up massively today. so it might be a problem to achieve reward risk ratio of > 3
I got in on OXY at $13 after the oil COVID crash... looking to break $40 before this run is done. As long as economy does not snap...
i daytrade OXY, it moves a lot. That being said, buying and holding OXY worked well for investors. Its very tied to oil prices, more so than XOM for example. I saw resistance in the 34 area so I didnt want to press my luck today.
again you failed to disclose your reward : risk ratio. If it is < 3, then you will have to top up your trading account soon.
I just sold AGRO at 9.95 for a small loss. I keep my losses small, i was also a little late to the AGRO party. Perhpas it recovers but Im walking away for the day.