OXY Sellers Fall Down ( Flat Bottom Triangle Breakout) LONG

OXY

One hour chart: OXY

In the past day, the relative volume of sellers has decreased

and price momentum is gradually increasing despite

the general market reaction to federal economic news.

The flat bottom triangle breakout suggests sellers are capitulating

on pricing given current circumstances. The RSI Oscillator

is in a mid-range suggesting more upside.

I see a long setup with call otpions 2 weeks expiration strike $85.