BP Record Fine

Ok, thanks J, just wondered if there was some technical reason as to why I should not draw a trendline at that poing.

Hi Shotry,

I'm not sure what you mean re discounting the March 5th peak? Your trendline is perfectly good IMHO - I just left it off as it was just a quick chart.

Whether it's viewed as a symmetrical triangle or an ascending one it still point to quite a big move if it breaks to the upside with targets around the pre-disaster high of c. 650p.

Why do you discount the March 5th peak from the upper trendline? Makes it look like a triangle with a 130 points or so as a target (512-380 on March 5th; rough figures). Genuine question.


screencast.com/t/N11VHh02

Interesting price chart though which suggests this news is priced in:



dl.dropbox.com/u/20815047/BPdaily15_11_12.gif

Long at 414p perhaps?

www.bbc.co.uk/news/business-20336898