OXY

This video provides a comprehensive financial analysis of Occidental Petroleum (OXY), questioning whether the company is poised for long-term success or if it represents a high-risk gamble on the future of energy. The analysis delves into OXY's strategic transformation and its intrinsic value to help investors make informed decisions. The video likely examines the company's financials, its significant debt load, its direct air capture (DAC) strategy, and the overall energy market landscape to assess the potential risks and rewards of investing in OXY.

The author presents a bullish case for Occidental Petroleum (OXY), arguing that the stock is at a critical inflection point and poised for a significant move higher. The analysis is primarily technical, focusing on the stock's price action, support levels, and momentum indicators. The author notes that the $45 level has become a strong support zone, with the stock repeatedly finding buyers there. This level also coincides with the 200-day moving average and a key Fibonacci retracement level, adding to its significance. The author also points to a bullish divergence in the RSI indicator, suggesting that momentum is building for a move higher. Based on this technical setup, the author believes that OXY could rally to the $65–$70 range in the coming months.