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[Platinum Trading] Sell Signal triggered
[Platinum Trading] Sell Signal triggered
August 21, 2023
PAPER TRADE ONLY
Sold OXY – $65.45
Market exchange problems and an analyst downgrade caused a stop limit to be hit below the 9-day SMA.
Morgan Stanley analyst Devin McDermott maintains Occidental Petroleum (NYSE:OXY) with a Equal-Weight and lowers the price target from $74 to $71. Charts can’t anticipate analyst downgrades or erratic market activity.
It’s best to cut losses and move on.
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