VasilyTrader

BP PLC: Catching Bullish Continuation

Long
LSE:BP.   BP PLC $0.25

BP is stuck on a key daily/4h structure resistance .

with a sequence of higher lows and formation of the ascending triangle formation, it looks like buying volumes are accumulating for a breakout.

wait for 4H candle close above the underlined area.

then buy aggressively or on pullback aiming at:
334.0
343.0

Comments

Nice pattern! Oil finally closed the gap from March. If it goes higher, then oil companies should go up with it.
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VasilyTrader Antonio_trader
@Antonio_trader, thank you for comment!
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do you have the same view on BP?
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