TipTVFinance

BP could revisit last week’s low

LSE:BP.   BP PLC $0.25
Failure to hold above the rising trend line amid the bearish price RSI divergence on the weekly chart and a bearish crossover on the weekly MACD suggests potential for a sell-off to last week’s low of 432.15.

On the higher side, only a weekly close back above the rising trend line would signal short-term bearish invalidation.
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