BP: Holding Support Above The Previous All-Time-Highs

BATS:BP   BP p.l.c.
BP appears to be Double Bottoming above the previous All-Time-High-Resistance and is Bullishly Diverging on the RSI and MACD. If this level hold, BP has room to go all the way up to around $50 which would also align with the 1.618 Fibonacci Extension. I personally think that out of all the big Oil Companies like XOM and CVX, BP presents the better value and would be the most profitable to play via midterm calls.


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