LONG BPExpecting bounce from extremely oversold weekly and daily levels. If stop breached, be prepared to catch new daily reversal on lower levels with a tight stop.
BP/N trade ideas
BP might see it test the March low againBased on the hourly timeframe,
See price attempting to breakout 17.55
Immediate Resistance 18.32 (MA200)
Fundamentally weak.
Dont see any improvement on consumption with Covid still around.
Will probably see it testing 15.51 again.
LONG BPExpecting bounce from extremely oversold weekly and daily levels. If stop breached, be prepared to catch new daily reversal on lower levels with a tight stop.
BP - BUY @ 240pReally exciting setup - very fond of BP as a business and their overall strategy
240 is the price I would buy at with targets at:
300p -> 375p -> 475p
BP Buying Opportunity into Earnings? BP looking to fall away into earning to complete retrace of previous failed breakout. Potential buying opps at 276 and 250 before continuing upwards to 355.
BP plc - still some life in oil?Looking thorough a few UK stocks this evening and this one caught my eye. Has the oil and gas sector made a bottom? Is this a clear 5 wave move off that bottom from a global company? Two possibles are presented here, both bullish, but the blue count is calling for a deeper correction. Will need some more watching for me but it certainly looks interesting. Will have a look at a longer time frame to see if it offers me any more clues.
Bp is not going to fly this weekBP broke out of a falling wedge then came back before the apex and it looks to go down further. The selling volume and all the other indicators pointing down isn't helpful either. What are they going to report in earnings? Business is booming? Keep in mind that this was a $40 stock precovid and with everything going on in relations to low demand i see this going sideways at best or going down further (more likely)
BP PLC: Catching Bullish Continuation
BP is stuck on a key daily/4h structure resistance.
with a sequence of higher lows and formation of the ascending triangle formation, it looks like buying volumes are accumulating for a breakout.
wait for 4H candle close above the underlined area.
then buy aggressively or on pullback aiming at:
334.0
343.0
BP forming wedge upI have just started studying trend analysis and chart patterns, but this looks like it may be a start to a wedge up for BP. Obviously this will be blown if BP cuts dividends, but from the recent hybrids bonds which were just issued, I am assuming that is not the plan in the near term.
BP : 1ST TIME WITH TRADING VIEW CHARTPlease take a look at my research and provide inputs, comments.
Thanks,
R.T.-
Bull or bear....time will tellI adjusted my count due to the price action that we had from the beginning of June and proposed another setup which can be in play if the price action fallows. Of course we can take in consideration the fact that we can see much higher prices before a correction will fallow but it's less probable. All i can say it's that the price action and the pivots that we fallowed are technical and gives me more conviction in the current count.
Testing TradeView - Why Moving Average is usefulThis is a tester for me to get to know how to use TradeView.
I am starting to see why moving averages is good for me to pick when to invest in a company.
A potential road-map for BP.Since we pivoted in march around 222 BP has showed a nice impulsive move from the low and we are still in the process to correct that. If that is a hard pivot and we gonna maintain that establishing a new trend or correcting the move of one larger degree. I've managed to find a point of confluence in terms of market geometry and Fibonacci levels in order to build a potential setup with a decent Risk Reward. So either we go for the Minuette 3 or Minuette C we still expect to see higher prices. And let's not forget the gap created from 395 ish.
BP good trade on both wayBig pictrue of fundamental analysis and technical analysis. market is on a big sell of but it seem like there will be a rally thorwback
Write sometning about your psyhology thinking before trade? it is a little risky to work in this conditions but I shall try
Describe the trade. What you see? there will be a shap thowback
Write why you want to enter the trade in this point? felling
What have I done well for this trade? managing the trade was good
What can I take away to help with later trades? not know
Comments during the trading? no
Was any error during trading? (yes/no) no
Coaching Talk? are you shure you can trade on feeling?
BP cup and handle pattern, bullish, go long.Hi
Cup and handle formation developing on BP Take profit around the yellow line.
It's a bullish chart formation.
Alex
