optimystery
Short

BP (BP.) in a 20 year downtrend

LSE:BP.   BP PLC $0.25
Just throwing some lines on BP ( BP .) and it is clearly trending downwards over 20 years.
I have been checking how various stocks were affected by the 2009 crash.
BP experienced a sharp correction in Oct 2008 and June 2010. However feb 2016 was another low point.
This forms a preety much parallel gently downward sloping channel.

This is indicated as reference for what may happen if we experience another crash.

BP . is holding a key support level , but looks to be exhausted on the RSI (based on precedent), and likely entering a downtrend.

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