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andmk2
Oct 31, 2017 9:54 AM

Can BP break its long standing resistance? Long

BP ORD USD0.25LSE

Description

After today's positive results, can BP break its long standing resistance at 518p?
A resistance that's been in pace since 2011.
It looks like this is the time.
Wait and see.

Comment

At the moment, it's "No"

Comment

Retest in progress

Comment

Broken! Bullish outlook.

Comment

Hegative: Breakout arrested on the Deepwater Horizon claims. BP will need more net positives to keep its head above 520p.
Comments
andmk2
Support at 483p its 21 moving average and is now heading back over 500p.
getting a little closer to a conclusive break of 522p
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