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BP p.l.c.BP p.l.c.BP p.l.c.

BP p.l.c.

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BP trade ideas

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.
NYSE:BPLong
by PlanTradePlanMM
2
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.
LSE:BP.Long
by jevanss25
BP p.l.c. goes ex-dividend. Is it time to buy? Since July 2019 BP’s share price has taken a serious beating, driving prices to sink to a 21-year low as of last month. Many contributing factors, such as tumbling oil prices and lack of green credentials are responsible for the brutal decline that has seen investors shy away from one of the top blue-chip companies. Another concern surrounding BP is its dividend payments. Yesterday BP went ex-dividend, so investors would have needed to purchase shares in order to receive the next dividend on the 18th of December. BP’s dividend is not well covered by earnings, as the company lost money last year, this should be a concern for investors who are looking to buy at these low bargain prices, but as we all know, paying a dividend from your pocket is not sustainable in the long run, so investors should first look into whether or not earnings are likely to recover. If we take a look on the bright side of things, analysts are forecasting a recovery, albeit a slow one. BP has plans to adapt to the changing world integrating oil with renewables, which in our opinion is a sound approach. For a long term investment, BP is well worth considering in our opinion at these low single-digit prices.
LSE:BP.
by rapidrunners