octradr

BP perfect sym triangle

BATS:BP   BP PLC
118 9 0
What more do I have to say. Wait for breakout of the triangle zone and go with it. Happy trading.
Testing resistance with a dark cover on day chart. Great time to short with target around 42.
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Its back down to testing support line. Good time to start opening a position.
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Still testing support.
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It doesn't have much time left before the symetrical triangle lines cross. Any advice out there. 9/26/13
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Wooo good catch... This is one confused chart, record profits last quarter, with nearly infinite lawsuits proceeding due to oil spill. There is more of an uptrend than down, take it from 2011, and you'll see resistance at $44-$45, but an uptrend on the lows. I suspect it will break out to the upside.
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octradr Wilfred
I agree. It is testing support again today, possible good buying op. 9/30
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Still interesting! 10/17/13
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OMG! Buy BP NOW!!! BREAKOUT. 10/29
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Remember that this is a weekly chart so don't look at daily closing prices to make rash decisions. This chart is for very long-term trends. This consolidation took over 3 years!
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