BP

123 low breakout, from this weeks share tips
stops below 2 point which is at 376


dl.dropboxusercontent.com/u/4899609/bp22ndjan2015.png

uk.advfn.com/p.php?pid=chartscreenshotsh...sw%3D&symbol=L%5ERIO
Monthly chart.
This bounced off support @ 364.5p.
It looks like its coming back for a retest, if this support goes, this could quite possibly head to sub 300p
that would be fill yer boots time imho...

Great call on this by WS(see below).

Regards,
trendfriend.

I agree with F4T here,

I warned all on BP there we on the chat forum yesterday and told em to watch 491, well it crapped from 489....

here's the chart i produced to visual/possibility of move for those on the chat facility, before events took place....

before


current:

IMO technicals are only of partial use here. The bad news is not quantifiable, so neither is the bottom. The only way to play this long is to play the bonces and that is dangerous. Shorting a retest of the broken trendline is safer, but still very risky.
uk.advfn.com/p.php?pid=chartscreenshotsh...tXo0=&symbol=A%5EAPT
I am not a gambler so not for me.

Thanks Redchilly,

i did't go long, i was just thinking about it.
This is in a downtrend, and has some way to go imo.
uk.advfn.com/p.php?pid=chartscreenshotsh...fJ68=&symbol=L%5EGKP

Regards,
Trendfriend.

For those thinking of taking a long position pls be mindful of the triangle brekaout to the downside on the monthly