Occidental Petroleum gapped down below its range.
I have a variety of short positions in the energy sector, and one of them today is doing particularly well: Occidental Petroleum, which gapped down below its range.
This is a pattern within a much larger pattern, and since I believe the stock has much lower prices forthcoming, I’ve simply tightened up the stop and am hanging on.
This is not meant to be a recommendation to buy or to sell securities nor an offer to buy or sell securities. Before selling or buying any stock or other investment you should consult with a qualified broker or other financial professional. The author has no business relationship with any company whose stock is mentioned in this article nor is receiving compensation from any of the companies mentioned.
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