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BPL trade ideas

BP Summer loving?Despite the gloomy oil industry news overnight BP didn't shift from its current low. For the past 20 years it has been range bound in a sideways channel which it dipped below on the 20th March. Historically a dip outside the channel has lead to 50% increases to the median line in an ascending channel zig-zag pattern. It has retraced 50% from its 2nd April local high and remains in the channel. But is this normal times? What will drive the demand for oil to get dig it out this time? I'm looking at around 430.00 for a take profit by September this year or get stopped out in the very near term and re-assess.
LSE:BP.Long
by BrazilNutz
Time To Buy BP Shares Hi traders. Following the turmoil with oil prices falling globally as demand for oil weakens, I am planning on purchasing shares in certain oil firms. One of these firms include BP. As oil prices are dwindling down, I would expect the earnings report released towards the end of April to be terrible news for the firm. Thus, I would ideally buy shares at low prices, to ride it on the upside wave as the market recovers from the pandemic. Entries from the lows made from during the pandemic could prove to be extremely profitable in the long term. This is just technical analysis . Do not follow this trade blindly! If you managed to read it this far down, thanks for reading this! If you could, please do offer your ideas & perspectives on this pair. Buy or Sell and why? Additionally, drop me your charts for it, that'd be great so I can see where you are coming from. Please drop a follow! I need reputation points!!
LLong
by TheFinancialTRDR
BP Plc (BP.) Close To Key Support Level BP is steadily going down. the market is coiling within a falling parallel channel and it looks like 440 level will be reached soon. analyzing the structure on the left we can see how important this level is for the market participants. for this reason, we can expect with you a bullish reaction from this level. our initial target will be the resistance of the rising channel and our second target will be extended to 486 level. good luck! please, support the idea with like! thank you!
LLong
by VasilyTrader
1
BP Earnings call fundamentals Bought 35.5 calls feb 20 @ 0.45 avrg price just before close monday 3rd. Calls currently @ 2.20 (06/02/20 00:42 GMT) thoughts that lead me to call BP would be up on earnings - 1. Higher production correctively offset negative effects of lower commodity and energy price structures. 2.Final purchase instalments of BHP (LON) circa April, likely asset flow from said deal is starting to take full effect on their books; consequently, boosting overall output even further. 3. Most interesting point (at least to me) and one of the main fundamental drivers, ROSN (LON) trading volume spiked from 261m value traded December to over422m in Jan, which consequently is the largest in over 10 months. BP owns 20%, so for me this was a major indicator; suspect even higher cumulative output to again offset the falling prices in the quarter. Didn’t post on TV at the time but for proof I called Monday reference reedit post under KykoKata. > next target area around 40, second 45.
NLong
by Brad010
BP uptrend in the short termBritish Petroleum has formed a double bottom at $36.60 just as doubt and uncertainty was looming yesterday with the OPEC conference delayed finish. The chart showed bullish divergence on the 2nd drop yesterday and I loaded up on Apr 39 calls under .80. I will be holding these calls rather than holding the stock in this uptrend. Good news and big bullish call volume over the past week in the space are all confirmation for me that some better days are ahead for BP and XLE. These calls can easily run up above $2.00 a contract.
NLong
by Stock_Holiday86
4
ADDING 50,000 SHARES: NO RECESSION, FAKE NEWS! ECONOMY IS ROBUSTFAKE NEWS, Dirty Democrats, Sick Liberals and Corrupt Politicians want to incite fear in the USA Markets but the smart investors know it's part of a CORRUPT AGENDA to take down TRUMP before the 2020 elections! The Smart People are laughing at these sickos! When the market sells off, buy the dips! The USA Economy is and will continue to be one of the only robust economies in the World moving forward as greedy corporations are forced to bring manufacturing and jobs back to America! For Decades Greedy Corporations and Executives screwed the American People as they padded their pockets with extreme stock options and high salaries. Now, TRUMP is making it tougher for them to make those easy salaries and bonuses. Now, they are forced to think for once in their lives about innovation and bringing manufacturing back to the USA. Before Trump won, the USA was looked at as stupid. The USA had no innovation and other countries were screwing Americans. Everything was outsourced for peanuts and the American Consumer purchased those products made by other countries. Now, American Companies are being forced to manufacturer in America and employ American Workers. TRUMP has been the only person and President willing to step out of his Rich & Famous Life Style to take on these Corrupt & Dirty Scum Bags along with the horrendous task to fight for the TRUE American People. The USA has been in a Trade War with China for how long now? Yet Walmart, Target, Home Depot among thousands of other Companies continue to beat earnings estimates. There is no cost being pushed to the consumer and if there is, it's so small, the consumers aren't even feeling it. THERE IS NO RECESSION AND NEVER WILL BE UNDER A TRUMP PRESIDENCY BUY THE DIPS BECAUSE IF YOU DON'T, THE RICH WILL CONTINUE GETTING RICHER OFF YOUR FEAR! DISCLAIMER This website and our posts are for general information only. No information, forward looking statements, or estimations presented herein represent any final determination on investment performance. While the information presented in this website and our posts has been researched and is thought to be reasonable and accurate, any investment is speculative in nature. StockKid, and/or our agents cannot and do not guarantee any rate of return or investment timeline based on the information presented herein. By reading and reviewing the information contained in this website and our posts, the user acknowledges and agrees that StockKid, and/or our agents do not assume and hereby disclaim any liability to any party for any loss or damage caused by the use of the information contained herein, or errors or omissions in the information contained in this website or our posts, to make any investment decision, whether such errors or omissions result from negligence, accident or any other cause. Investors are required to conduct their own investigations, analysis, due diligence, draw their own conclusions, and make their own decisions. Any areas concerning taxes or specific legal or technical questions should be referred to lawyers, accountants, consultants, brokers, or other professionals licensed, qualified or authorized to render such advice. In no event shall StockKid, and/or our agents be liable to any party for any direct, indirect, special, incidental, or consequential damages of any kind whatsoever arising out of the use of this website, our posts or any information contained herein. StockKid, and/or our agents specifically disclaim any guarantees, including, but not limited to, stated or implied potential profits, rates of return, or investment timelines discussed or referred to herein.
NLong
by UnknownUnicorn3159981
1
BP (BP.) in a 20 year downtrendJust throwing some lines on BP (BP.) and it is clearly trending downwards over 20 years. I have been checking how various stocks were affected by the 2009 crash. BP experienced a sharp correction in Oct 2008 and June 2010. However feb 2016 was another low point. This forms a preety much parallel gently downward sloping channel. This is indicated as reference for what may happen if we experience another crash. BP. is holding a key support level, but looks to be exhausted on the RSI (based on precedent), and likely entering a downtrend.
LShort
by optimystery
BP - Head and shoulders top forming?SELL – BP (BP.) BP p.l.c. is an integrated oil and gas company. The Company owns an interest in OJSC Oil Company Rosneft (Rosneft), an oil and gas company. The Company's segments include Upstream, Downstream, Rosneft, and Other businesses and corporate. Fundamentals BP’s second quarter earnings came in flat as increased production offset lower oil prices. According to CEO Bob Dudley, “BP is right on target”. The initial reaction to the results was positive although this quickly reversed sending the shares sharply lower. Increased tensions with Iran and oil tankers being seized has not done much to the oil price, this may be suggesting that prices are high enough and that there is enough oil in circulation to match current demand. Best Broker Target Price: 700p (Barclays 04/04/2019) Worst Broker Target Price: 590p (Deutsche Bank 06/02/2019) Technical Analysis BP has closed below trend support that began in early 2016 on the weekly chart. This also took out horizontal support at 525p in the process. The shares attempted to rally in the following week only for the shares to be sold down again to form an inverted hammer candle. There is potentially a bigger threat forming in the shape of a head and shoulders top. The neckline of the pattern comes in at around 500p. A break of this level could trigger a deeper corrective move towards the 50%, 61.8% & 78.6% Fibonacci retracement levels over the medium term. Recommendation: Sell between 500-530p Stop: 570p Targets: 456p, 421p & 372p
LShort
by Investamate