Long

BP long

Updated

BP: This is approaching the bottom of the channel. It's a good risk-reward trade. A buy-in my opinion

Note

its reached support previously resistance and in the area between the Fibs retracement of .5 to .62. Wait for a positive candle before considering a buy. I bear in mind that the oil sector is strong.

Note

BP has bounced the next day after the initial post. The Minimum target is the previous High of 420

Note

minimum target reached

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.