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BP - BP.L

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7 years 3 weeks ago #16130 by Trendfriend
Replied by Trendfriend on topic BP - BP.L
bp - daily long term.
uk.advfn.com/p.php?pid=chartscreenshotsh...8snTETY+w9tg+aH+4do=

does look like a clear break of the main up trendline here imho...

The very least should hit 450p....possibly even lower imho ;)

lets see...

atb, wdik, dyor,
trendfriend
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7 years 11 months ago #15569 by Trendfriend
Replied by Trendfriend on topic BP - BP.L
Well this looked like it was going to fly away not that long ago... :side:

It has really been dumped recently....
Crude oil...has been moving down through Oct/Nov....usually strong months for crude...

while we may get a rally on crude...and hence oil stocks...as both are very oversold.
i think the upside may well be limited...just a oversold rally...then down again maybe? :ohmy:

I think caution on oil stocks...over the coming months may not be a bad idea imvho...

atb, wdik, dyor,
trendfriend :)

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8 years 2 days ago #15510 by Paitech
Replied by Paitech on topic BP - BP.L
Bounced off
524p?

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8 years 1 week ago #15489 by Paitech
Replied by Paitech on topic BP - BP.L
Oil is dropping .... so chancces this can go lower...and give us a good buy price..

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8 years 1 week ago - 8 years 1 week ago #15488 by Trendfriend
Replied by Trendfriend on topic BP - BP.L
bp - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...+NFeUIS6zIzifvHIOcA=

this is testing trendline support level...another support below at 542p (200 day ema line)....
will they hold? :unsure:

would see a big drop if they fail imvho...

atb, wdik, dyor,
trendfriend
Last edit: 8 years 1 week ago by Trendfriend.
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8 years 3 weeks ago - 8 years 3 weeks ago #15456 by Trendfriend
Replied by Trendfriend on topic BP - BP.L
Bp - weekly
uk.advfn.com/p.php?pid=chartscreenshotsh...wvLI4CWSRU%2FiElQ%3D

Nice test and hold of the 200 day ema line on the daily chart here.... and this is still making hh's....
while its in a hh's mode....i think the target mid term is 700p, as shown by the broadening triangle...

atb, wdik, dyor,
trendfriend :)
Last edit: 8 years 3 weeks ago by Trendfriend.
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