theopportunist_trader

New Yearly High?

NYSE:BP   BP P.L.C
BP             has broken out of a flag pattern .However, is going negative in the coppock curve. Also, the total revenue has been the same for a while now. Im going to be relying on volatility . If its short it will be only short-termly i believe and if it is Long then short-term increase followed by pull-back then increase until Q4. Also, the moving average is providing support. I put my Long on the next fibonacci level.I have put the Long and short take profit at 1% but I think the price change will be much bigger so if it is - I will extend take profit.
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