Looking for 29 area for the gap fill, then hopefully 33 resistance area.
Trade closed: target reached
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Forgot I closed out of this about a week ago. Earnings coming up, and it looks like it might consolidate in the 28-30 range for a bit... just a wild guess.
it has a steady solid climb. Im pulling for a $36-$41 range. I'm pulling the trigger at $39 if it bounces off $40. At best I'm hoping it tests $45 ATH area and a blessing would be BP smashing through that ceiling!
simplenothing
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@IntheEndWeDividend, you're right about that gap at $35. I forgot I exited this trade last week. I think the monthly chart is very bullish, but I do still think it might be over-extended shorter term. We'll see. Good luck to you.
SimplyHuat
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Thank you. 30 here we come!
simplenothing
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@SimplyHuat, i sure hope so, but wouldn't be surprised for a bit of consolidation. It just filled the big March gap and closed at the lows today. plus crude, might take a hiatus from its move higher as well.
IntheEndWeDividend
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@simplenothing, still has the $35.20 gap to fill from Feb 20'.