Our mission is to help you obtain financial freedom. Checkout Our Youtube Channel Checkout Our Youtube Channel
Blog

OXY Update – Bullish Breakout and Key Resistance Target Ahead

Written By: ChartChamp

March 29, 2024

Cheers to those who took the OXY trade. This was a trade I posted based on Warren Buffett’s portfolio, which reveals he has a 30% stake in OXY. There was a bullish pennant forming between the two light blue trendlines, and more recently OXY is having a bullish breakout above the bullish pennant. There is an important red resistance line approaching, and this red trendline has been a historically strong resistance target with 4 previous rejections here. I don’t think OXY will break through this red trendline on the first attempt here, but I think this red trendline will eventually break and I believe OXY will trend up higher to form new all time highs.

ChartChamp socials: https://linktr.ee/realchartchamp

0 Comments
Inline Feedbacks
View all comments

More ClearValue Insights

Why I’m Investing in Silver Right Now

Let’s be honest—most people don’t wake up thinking about silver. But after diving deep into the numbers, I believe we’re sitting on one of the most overlooked investment opportunities of our time. With inflation eating away at savings, stock markets hitting new highs daily, and global uncertainty everywhere you look, investors are scrambling to find […]

Read More
Default Thumbnail

URA Continues to Trade Into Resistance

URA has been trading within a range between $18.41 and $32.61. There is resistance at the red trendline, and URA continues to make more attempts to break through this $32.61 resistance level. I think there will be a bullish breakout eventually, for now I would monitor $32.61 for a breakout or continued rejections. Follow me […]

Read More
Default Thumbnail

SLV Approaching $27.29 Support

SLV has formed a correction, and is approaching a $27.29 support level. I think $27.29 needs to hold otherwise SLV can trend down to the red trendline around $22.55. GOLD has been more bearish relative to SLV so I think there’s hope of $27.29 holding for now. Follow me on social media: https://linktr.ee/realchartchamp

Read More

Why I’m Investing in Silver Right Now

Let’s be honest—most people don’t wake up thinking about silver. But after diving deep into the numbers, I believe we’re sitting on one of the most overlooked investment opportunities of our time. With inflation eating away at savings, stock markets hitting new highs daily, and global uncertainty everywhere you look, investors are scrambling to find […]

Read More
Default Thumbnail

URA Continues to Trade Into Resistance

URA has been trading within a range between $18.41 and $32.61. There is resistance at the red trendline, and URA continues to make more attempts to break through this $32.61 resistance level. I think there will be a bullish breakout eventually, for now I would monitor $32.61 for a breakout or continued rejections. Follow me […]

Read More
Default Thumbnail

SLV Approaching $27.29 Support

SLV has formed a correction, and is approaching a $27.29 support level. I think $27.29 needs to hold otherwise SLV can trend down to the red trendline around $22.55. GOLD has been more bearish relative to SLV so I think there’s hope of $27.29 holding for now. Follow me on social media: https://linktr.ee/realchartchamp

Read More