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...
SELL – BP (BP.)
BP p.l.c. is an integrated oil and gas company. The Company owns an interest in OJSC Oil Company Rosneft (Rosneft), an oil and gas company. The Company's segments include Upstream, Downstream, Rosneft, and Other businesses and corporate.
BP’s second quarter earnings came in flat as increased production offset lower oil prices....
A rare non crypto analysis but sometimes its nice for a price not to get heavily affected by a higher up factor i.e altcoins reliance on Bitcoin.
0.786 fib from 2010 high being tested and got rejected first time around. Very positive FA surrounding BP in the last 6 months so it will be interesting to see if faith is brought back to investors.
Entry price for a...
With oil prices sustaining higher prices, I am looking for profit margins to increase for BP.
I have used the Fib extension tools confluencing with Major resistance levels for some price targets.
These price targets may seem far fetched but as long as WTI and Brent hold above a 8% deviation I think its possible.
I believe we could see a move back into value or even higher if the oil price rises after the 22nd Sept OPEC meeting.
We are currently seeing bullish signs and volume is in favor of this move.
I have highlighted what I believe is a floor and ceiling level of the current consolidation level.
The first target would be at the price label and then the top of the...
Point and Figure Charts (PnF) are another example of a chart type that relies solely on price movements and not time intervals during the creation of the chart. In this way, PnF Charts are similar to Renko, Kagi and Line Break Charts. A basic understanding of PnF Charts is that they are comprised of a series of columns made from either X's or O's. X columns...