andmk2

Can BP break its long standing resistance?

Long
andmk2 Updated   
LSE:BP.   BP ORD USD0.25
After today's positive results, can BP break its long standing resistance at 518p?
A resistance that's been in pace since 2011.
It looks like this is the time.
Wait and see.
Comment:
At the moment, it's "No"
Comment:
Retest in progress
Comment:
Broken! Bullish outlook.
Comment:
Hegative: Breakout arrested on the Deepwater Horizon claims. BP will need more net positives to keep its head above 520p.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.