Long
BP/N trade ideas
Short-term Long for BPNYSE:BP
There is an upside potential to test the nearest resistance 25.72, despite the retreat of oil price last week.
The hourly chart shows bullish indicators following the golden cross ema.
Additionally, 30-minute charts emphasize this short-term bull for the coming week.
happy trading and stay safe.
Disclaimer:
This information is for educational purposes and is not an investment recommendation or representative of professional expertise. This analysis used herein is for illustration purposes only. This personal opinion should not be considered specific investment advice. I am not responsible for any trades, and individuals are solely responsible for any live trades placed in their own personal accounts.
Long | BPNYSE:BP
Possible Scenario: LONG
Evidence: Price Action, m$ darkpool order activity
This is my idea and could be wrong 100%.
It's blew it's demand zone, very good buy opportunity.
Long BP againBP now forming higher low, oversold signals. DXY weakening supporting equities, long here stops below the lows
The Ski Mask is on......BPNo way this doesn't test the resistance. Strike price $25ish. Financials are slowly improving and are shifting to focus to renewable energy. I want to read more into the management team but let's see what happens.
What do you think?
BP - Range BoundBP bounce off key support created a opportunity to buy on the pinbar candle off support. I waited for the pin off and retest of support for my entry, this is the most conservative entry on a pinbar setup. You can enter at close of pinbar to aggressively enter the market. I waited for confirmation of TRND Bot buy signal! Clean charts = Clean profits! Long calls to $25.
If you like this idea follow for more and hit that like button! Good luck! Trade smart! Cheers!
BP 21$ support level bounceBP and alot of oil companies look poised to make big trend changes. With BP holding 20-21$ support zone and a potential head and shoulders pattern, this stock should be getting back to 25 dollars.
Technical Info:
A large head and shoulders/ or cup and handle
RSI is trending up while the stock may have found support at 21$
This stock took a beating from 2018-2020 and this stock with an any decent momentum (if any) should reach back to $25-35$.
BP migh be dropped with H&S /Truncated ZZ pattern before rising.Look at the price target on the chart.
** It's just my guess, not recommended to be believed. lol
$BP ready to break the resistance $BP ready to break out the resistance. The first target is $22.33 and then if it breaks this line, $24.40 is next target.
BP PLC (BRITISH OIL): Classic Long Trade
BP reached a strong 4h structure support.
On that, the price has formed a double bottom formation with equal lows.
After a violation of its neckline, we see a retest.
With a high probability, the market will start growing soon.
Goals:
275.
285.
BP LongDowntrend Channel breakout, revisit trendline
Breakaway Gap. Trendline break
ABC Patten:
Swing A crossed SMA50 (1st) and SMA200 (2nd), -- Wave#1
SMA50 Crossed SMA200, -- Golden Cross.
Swing B tested SMA200 as support. -- Wave#2
Swing C will be not less than A; -- Wave#3
Entry 21.5
Stop 20
Target 27
I am not a PRO trader. I trade option to test my trading plan with small cost.
The max Risk of each plan is less than 1% of my account.
If you like this idea, please use SIM/Demo account to try it.
BP breakout is imminent.PoC at 21.90. Stoch entering momentum zone, MACD overturning, RSI oversold. Hoping the 20SMA at 22.90 does not kill the run.
Long BPOversold, on lower trend line, building positive divergences, final drop to flush weak hands ? Long with stops below the lows, good risk/reward.
'Stock Price forecast of bp PLC + projections12 month price forecast for bp PLC have a median target of 28.00 with 0 high estimate of 39.84 and a low estimate ol 17.29 The median estimate represents a +29.56% increase from The last price of 22.23. The current consensus among 31 polled investment analysis is to buy Stock in bp PLC. This rating has held steady since January when it was unchanged from a buy rating
BP - Buy The RetestBP is breaking out. It retested support and I think it goes higher from here.
Thanks
BP TO RECOVER IN 2021 UNDERVALUEDBP can make moves into north as you can see in my chart its touching my fibonaccies and BP is heavily undervalued due to covid.
Were almost at ATL, oil is still essentiel for the world machine to keep running. Positive News about vaccines could boost the price like a SpaceX Rocket.
Targets are pretty safe and should arrive till 01.06 max.
Happy Trading!
BP To the moon?BP Shares have suffered with issues over oil price / demand, clean energy disruption & competition - Price hit a 26 year low earlier this week
However, significant divergence in Share Price VS Momentum - small position taken
Shares have broken out of channel, looking for a retest + rejection of channel (which appears to emerging at the moment) to give greater confirmation for larger position
With price being at historic lows it makes for an excellent RRR
Please note Earnings on 27/10 could provide extreme volatility in share price - so may be worth waiting until after the figures are announced before taking a position.
