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Occidental Petroleum Corporation Message Board

luckyone581 44 posts  |  Last Activity: May 23, 2016 2:55 PM Member since: Feb 10, 2008
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  • luckyone581 by luckyone581 Mar 10, 2016 1:41 PM Flag

    The chart of KNDI does suggest that the earnings report could be short-term catalytic. A rally tomorrow above 7.83 will likely bring about a rally up to 8.70 with a close tomorrow (weekly close) around 8.25m which is where the 200-week MA is currently at. If that occurs and the bulls can close the stock above 8.25 tomorrow and confirm the break of the line with another close the following Friday also above 8.23, would then be the 10.00 level.

    A break tomorrow below 6.96 would likely bring about at least a drop down to 6.10, closure of the gap between 6.40 and 6.57, which is a gap that has no reason to stay unclosed unless the earnings report is truly better than expected, and potential for further downside to the 5.00 level thereafter if the stock closes tomorrow below 6.35.

    This chart evaluation of the points in play is valid and likely to occur if the earnings report is better or worse than expected.

  • luckyone581 luckyone581 Mar 8, 2016 12:48 PM Flag

    Absolutely first place on this board. Board of Idiots.

  • luckyone581 by luckyone581 Mar 8, 2016 11:53 AM Flag

    Here is my "gut shot" prediction for KNDI.

    Earnings report will be better than expected and the end result will be a sell off to a low of 5.00-5.55.

  • Reply to

    Death Cross for KNDI

    by chasen_damoney Mar 7, 2016 7:27 PM
    luckyone581 luckyone581 Mar 8, 2016 11:36 AM Flag

    The "death cross" has not proven to be all that indicative in the past with KNDI. Nonetheless, the death cross in the indexes has proven to be meaningful and likely to affect ALL stocks negatively.

    The 50-week MA is likely to cross the 100-week MA in the DOW and the SPX sometime in the next 3-6 weeks and the cross has only happened 4 times in the last 20 years (2 to the upside and 2 to the downside) and every single time is was the indicator of a trend change that has lasted at least 22 months to as much as 7 years. The DOW has moved as "little " as 3450 points in the opposite direction after the cross and as much as 7000 points. Simply stated, it has been highly indicative and the chances of it happening (the cross) are about 99%. I doubt vert seriously that KNDI, or any other stock, could double in price with the market heading lower.

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