BP long

LSE:BP.   BP PLC $0.25
BP: This is approaching the bottom of the channel. It's a good risk-reward trade. A buy-in my opinion
Comment: 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.
Comment: BP has bounced the next day after the initial post. The Minimum target is the previous High of 420
Comment: minimum target reached

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