Occidental Petroleum Corp (US: OXY) price action indicate a potential upside after rebounding successfully from the bottom of the range:

1. The successful breakout of the Head and shoulder was confirmed by yesterday’s bullish candle above the neckline resistance at US$27.63.
2. Furthermore, prices has successfully breakout the falling wedge formation.
3. Back to the candlestick pattern, yesterday’s candle successfully close above the 63-periods moving average, indicating a possible bullish sustainance.

*Expected timeline of the trade is 15 weeks from the date of report issuance.

CHART LEGEND

Moving Average

Red dotted line = 200 Periods MA

Blue dotted line = 63 Periods MA

Green dotted line = 22 Periods MA