Possible move up after remove last peak. Waiting on retracement and will look profit on the end of gap.
NYSE:BP RSI is oversold MACD bearish signal is weakening #stocks $BP #markets
Guys, I am absolutely thrilled and be doing well with BP. I have the stock, LEAPS, Put-Sells, and soon Call-Sells. 1. What do you guys think about it 'after' the earnings? 2. Do you feel Brexit will have any negative effect in 2017-18? 3. Where do you see the stock ending in any timeframe? Please be specific $ and Time (if you can). 4. How are they doing...
if you go to weekly, place a sell order below the low
BP has rallied into resistance at around the 500p level. This is probably a call to take a bit of profit rather than initiate a speculative short. Medium to Long term we are a fan of the oil majors.
Failure to hold above the rising trend line amid the bearish price RSI divergence on the weekly chart and a bearish crossover on the weekly MACD suggests potential for a sell-off to last week’s low of 432.15. On the higher side, only a weekly close back above the rising trend line would signal short-term bearish invalidation.
Plan to buy BP based on the bullish Bat pattern and previous structure. Entry is 33.4 SL below 33 TP1:35 TP2:36.3 and further more
Sell at resists buy at supports, break s/r wave zones further low
Looking at BP back to November of 2015 to now....looks like a cup and handle pattern is really starting to take form here. Anyone else seeing this or think otherwise?
4 hour large Bear candle forming at projected channel resistance with throw-over. Flat pattern labeled abc up potential completion. Trigger short on a strong move lower at 34.30 with target into 31.25. Initial stop above the wave c high at 36.31. Follow it through into 29 or below if 3rd wave develops.