Room to Run?

sdeutsch95 Updated   
NYSE:BPT   BP Prudhoe Bay Royalty Trust
I'm reversing on my previous TA thesis with this O&G royalty name, which I said was retesting the neckline of a head and shoulders breakdown. Instead, I now see a falling wedge bouncing off the 100 Daily Moving Average and retesting a demand zone . There is some positive momentum on the Relative Strength Index , leading me to think that the breakout from the wedge will happen next week. Upside is above the high of the wedge , so probably 3x.
Trade closed manually:
I don't think oil is breaking out, so BPT is good for another leg down.


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