BPT contracting flat?watching the stock for a reversal setup for more continuation upside. looking at the break atm as a potential start to the upside. trade your strategy
BPT trade ideas
RiskMastery's Breakout Stocks - BPT EditionWelcome to RiskMastery's Breakout Stocks - Stocks with breakout potential.
In this edition, we'll be looking at ASX:BPT ...
I believe this code is at a point of potential volatility.
If price can hold above $1.735 ... Bullish potential may be unlocked.
My key upside targets include:
- $1.91 (Conservative)
- $2.19 (Medium)
- $2.52 (Aggressive)
If however price falls below $1.51 ... Bearish risk potential may be unlocked.
(My key risk targets - C, M,& A - are as noted on the chart)
Enjoy, and I look forward to being of further service into the future.
If you'd like to connect, feel free to reach out and comment below.
Mr RM | Risk Mastery
Disclaimer:
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Support Area at $1.5This stock has been lagging it's peers due to weaker fundamentals. The energy sector is still strong, with no sympathy for BPT as of yet.
BPT currently at a key support level showing strength and forming higher lows, entry for low risk high RR.
Trade Open: 1.48
Risk: 1.45
Target: 1.7, will follow with stop beyond this level
Trade Active
BPT approaching an historic resistance zone -$1.70 to $1.80Beach Energy has found some legs in the last couple of week. I like what I'm seeing. It's coming off a very low base on the weekly stochastics and there's room to build some real long term momentum here.
BPT has an historic respect for the 1.70 to 1.80 zone that's acted as a major support and resistance zone for over a decade. Should BPT manage to trade convincingly above this zone on the next run it would signal a market re-rate for this company; I believe its on the cards with energy credit crunch unfolding and a bouyant oil/gas sector.
BPT breakoutBPT
Level marked on chart from previous zone of interest. ST target into this zone of interest.
-Macro Breakout
-Increasing Volume
-Oil and Gas sector
-ST target market on chart
Beach drop short termdivergence on the rsi compared to price
& 50/100 d moving average looks as if it will cross
expecting the price to decrease to 1.39
BPT - Beach Energy Could Go to 92cNow that it's taken such a big dive down, it looks like it could go back to previous support of 92c. However it could jump back above the trend line and become bullish again.
COVID has taken a hit to the oil industry, including the new agreement in the US to have 50% electric cars manufactured and sold from 2030. Could be a thing? We'll wait and see.
At this point, it's a short for me.
BPT - Bullish Trade PlanAfter making a Higher High and then pulling back BPT has bounced off strongly giving a strong break to the upsode with High Volume . It bounced off exactly from the High Profile Volume Zone (confluence) and MACD giving a Bullish Cross, indicating that it is most likely to head higher towards its previous highs!!
TP - $1.890
Stoploss - $1.570
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
$BPT potential break of falling wedgeBPT, breakout potential. USOIL showing strength with US Gov stimulus announcements, of which more will likely be planned in future. Meltup underway
Beach Energy Limited BPT.AX Extremely Attractive At $1.50Hello Fellow Trader!
View: Beach Energy Limited (BPT.AX) coiling above a daily trend break and finding support at $1.50.
In the month of August, Natural gas spot price finished up 44% and Oil up 8% to support what could be an undervalued company imbedded in the ASX during a pandemic, leaving most investors in limbo on where to invest their money.
Their full year annual report for 2020 stated NPAT (net profit after tax) of $461 Million which was down 18% from 2019, but still provided the business with a 20% return on shareholders equity.
BPT dropped 47% in the Covid sell down and is now starting to provide
Key Points:
Price holding above the 50 EMA
Could see the 21 EMA break above the 50 EMA with price action momentum
Price holding above Fibonacci 32.8% of prior major range March Low to June High
Natural Gas up 44% - Oil up 8% in August
Crossed daily trend line
Flag pattern for break out
Must watch price around the 200 EMA
RSI could break trend and range simultaneously for momentum
Key Levels:
Support – 1.40, 1.50
Resistance – 1.60, 1.70, 1.80 + 200 EMA
Entry Zone:
Optimal entry provides the greatest reward to risk ratio while supporting entry is a zone for reversal signals.
Optimal Entry – 1.50
Supporting Entry – 1.50 – 1.53
The Risk:
As traders and investors, it is your job to mitigate the risk and only trade structures that provide high probability and great reward to risk ratios.
If you are not comfortable with defined exit levels, experiment with Moving Averages to help set solid exit rules to protect your capital.
IF: Price breaks below 1.45 and closes below the 50 EMA – this would suggest the structure is not in our favour and would be wise to reduce exposure or close the trade until a solid signal gives us reasons to re-enter.
Reward / Reward Targets:
Optimal Entry $1.50 – Target 1 $1.80 = 3.75x Reward to Risk
Optimal Entry $1.50 – Target 2 $2.00 = 6x Reward to Risk
Supporting Entry $1.53 – Target 1 $1.80 = 3.4x Reward to Risk
Supporting Entry $1.53 – Target 2 $2.00 = 5.5x Reward to Risk
AX.BPT Beach Energybottom wedge
shortterm a break of the fib 2.618 would see it move up
canarvan petroleum CVN much the same
BPT Long idea - rising wedge break out and retesta lot of stocks are printing similar charts right now...
BPT has had a breakout of a rising wedge and has come back for a retest. I'm aiming for the last swing low as a target
ASX:BPT CUP & HANDLE FORMATIONForming a nice cup & handle formation just need price to break supply level
#BPT has reached a critical pointThe recent breakout in SP of #BPT as seen increasing volume on a decreasing SP, strong bearish sign. It has dropped to the lower trend line and also in the range of the 2018/19 peaks. A break of this trend line could see SP fall to the 1.8-1.7 range and 1.3-1.15 range.
BPT breakoutok made new high on daily chart on close.
next target level is $3.37
which is a fibonacci level.
BPT like STOBPT also reaching a major resistance level like STO.
oil price will determine the continuation or reversal
of price move.
Beach Energy Looking Good if price can break $2.45. $BPTBeach Energy Looking Good if price can break $2.45. $BPT
Green 2 over Green 1. "Go Long"
Elder Impulse System is green = " Go Long".
MACD and RSI about to get bullish too.
bpt breakout... buy morewow. strong move to new highs.
looks like someone is buying up strong.
so we catch a ride on the way up.
share trading is nothing more than herd
psychology.
identify the trend. catch a ride.
$BPT:ASX - BEACH ENERGY - BreakoutBeach energy has had a very strong run over the last week up around 20% over the last 5 days - possibly too strong and may be over extended - but it is at a good breakout area. If it had been more gradual I would probably jump in, but with the rapid upswing over the last couple of days I'd be feeling a bit more cautious. This is a billion dollar company with impressive financials. Worth a watch.
Beach Energy Limited is engaged in oil and gas exploration, development and production and investment in the resources industry. The Company is engaged in the business of exploration, development and production of hydrocarbons. The Company's segments include Cooper Basin, Other Australia and International. The Cooper Basin segment includes oil and gas sales from Australian production. The Other Australia segment includes the Company's interest in all on-shore and off-shore production and exploration tenements within Australia other than the Cooper Basin. The International operating segment includes its interests in all areas outside Australia. The Company is engaged in the sale of gas and liquid hydrocarbons. Its Cooper Basin includes Western Flank oil and gas operations. The Company holds gas sales contracts spread across energy retailers and industrial users in Australia.
Market Capitalization $4.898B
EBITDA (TTM) $1.358B
Gross Profit (FY) $870.3M
Total Revenue (FY) $2.078B
Free Cash Flow (TTM) $510.2M
Demand: 429 buyers for 2,520,125 units vs 342 sellers for 2,406,437 units
Beach Energy Limited is engaged in oil and gas exploration, development and production and investment in the resources industry. The Company is engaged in the business of exploration, development and production of hydrocarbons. The Company's segments include Cooper Basin, Other Australia and International. The Cooper Basin segment includes oil and gas sales from Australian production. The Other Australia segment includes the Company's interest in all on-shore and off-shore production and exploration tenements within Australia other than the Cooper Basin. The International operating segment includes its interests in all areas outside Australia. The Company is engaged in the sale of gas and liquid hydrocarbons. Its Cooper Basin includes Western Flank oil and gas operations. The Company holds gas sales contracts spread across energy retailers and industrial users in Australia.
BPT - Beach Energy Ltd up 10.80%BPT - Beach Energy Ltd up 10.80% in today's session. A strong uptrend with the potential to continue to its next target at 2.065 and 2.130
BPT tirangle breakasymmetical triangle breakout on the daily chart.
short term b ullish..
I think it will retest. $2.25
Short BPTThe ASX could see higher this morning due to its risk on world view but I think it might pull back today. Oil dip lower on Friday, showing bearish engulfing on the daily and on the weekly it looks like a bear rally as well. Next, we have energy sector on the ASX and that is showing a shooting start follow by a bearish candle coving the past two candles on the daily and on the weekly it is showing a bull and bear shooting star. That leads us to BPT forming a doji at the top follow by a bearish shooting star on the daily. Both daily and weekly are showing uptrends, therefore it might pull back to its previous anchor or the level of $1.98. Looking for an entry of $2.04 and a stop of 10 cents if its 1000 shares or 3 cents if its 3000 shares.
