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RizeSenpai
Jun 15, 2023 4:10 PM

BPT: Bullish BatΒ Long

BP Prudhoe Bay Royalty TrustNYSE

Description

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BPT has a Bullish Bat within a trading range that kind of looks like an Inverted Head and Shoulders pattern all while Diverging Bullishly on the MACD. It may soon try to break free from the Supply Line above and make it's way to a 0.886 retrace.
Comments
rfee3alshan
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Any update now ? πŸ˜‘
RizeSenpai
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@rfee3alshan, It seems to be reacting pretty weakly compared to the other natural gas stocks. I may just decide to allocate BPT holdings to one of the other related stocks if we don't get any action tomorrow.
rfee3alshan
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It is clear that the stock is more affected by the price of oil than gas. It was a bad investment. I will sell my quantity next week at a loss of 20%.
RizeSenpai
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@rfee3alshan, Yea I just about agree with you there I think WTI would have to go to around $80-$90 for this stock to actualkly start going up for the time being it's prolly best to allocate this position into somethingg like WTI, SWN, or TELL or natgas itself.
rfee3alshan
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With oil move πŸ‘πŸ‘
rfee3alshan
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7.20 today 😍
RizeSenpai
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@rfee3alshan, Nice we cut that one a bit close but it was all worth it!
rfee3alshan
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I thank God that I did not sell my quantity
☺️ Long-distance targets
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