BP - Current Price $26.69 Price Target $32 I love oil going into the summer RDS.A KMI are both great plays but I love BP this week as BP is approaching a crucial resistance level around $27. They beat earnings last quarter like almost all oil and gas companies did, their dividend of almost 6% is very attractive as well.
BP is an integrated oil and gas company that explores for, produces, and refines oil around the world. In 2019, it produced 2.3 million barrels of liquids and 9.5 billion cubic feet of natural gas per day, including volumes from its 20% ownership interest in Rosneft. At year-end 2019, reserves stood at 19.3 billion barrels of oil equivalent, 59% of which are...
Looking for a move like this on BP stock. Consolidation on Moving Averages and hoping for a break up and move higher.
NYSE:BP Possible Scenario: LONG Evidence: Price Action TP1~ 25.5 Call options, Strike 25$, 04/30/21
BP p.l.c. engages in the energy business worldwide. It operates through Gas & Low Carbon Energy, Oil Production & Operations, Customers & Products, and Rosneft segments. It produces and trades in natural gas; offers biofuels; operates onshore and offshore wind power, and solar power generating facilities; and provides de-carbonization solutions and services, such...
Interesting patterns are emerging in BP PLC, we're observing an ascending channel, respecting support at 250 GBX and Fib 0.5 at 289 GBP. The next level at 327 GBP and then 374 GBX.
Long Setup at the bottom of a ascending channel for BP 4HR TF Areas of confluence too include 200EMA 0.618 Fib pull from High to Low Volume Profile *POC Point of Control .618 Fib Speed fan All confluences within the orange Box in the chart Be responsible for your SL and Invalidation Like and Follow is always appreciated
Oil is undervalued. XOM is relatively strong compared to SHELL & BP. XOM did not make a LL while SHELL & BP did. Chevron is strongest and leading the way. End March and April are seasonally bullish months for XOM.
NYSE:BP There is an upside potential to test the nearest resistance 25.72, despite the retreat of oil price last week. The hourly chart shows bullish indicators following the golden cross ema. Additionally, 30-minute charts emphasize this short-term bull for the coming week. happy trading and stay safe. Disclaimer: This information is for...
BP now forming higher low, oversold signals. DXY weakening supporting equities, long here stops below the lows
No way this doesn't test the resistance. Strike price $25ish. Financials are slowly improving and are shifting to focus to renewable energy. I want to read more into the management team but let's see what happens. What do you think?
Overbought, top end of volatilty range, due a pullback along with global indices.
BP bounce off key support created a opportunity to buy on the pinbar candle off support. I waited for the pin off and retest of support for my entry, this is the most conservative entry on a pinbar setup. You can enter at close of pinbar to aggressively enter the market. I waited for confirmation of TRND Bot buy signal! Clean charts = Clean profits! Long calls to...
$BP ready to break out the resistance. The first target is $22.33 and then if it breaks this line, $24.40 is next target.
Oversold, on lower trend line, building positive divergences, final drop to flush weak hands ? Long with stops below the lows, good risk/reward.
The recent breakout made by the crude oil may excite buying opportunities to some. For how long it will last will need to be seen if it could penetrate several layers of resistance ahead. This week price action was not powerful enough to sustain the move. Catalyst and sentiment that could influence the price action not supporting the move too, as energy giants...
Also own BP common and some OXY CALLS going out to 2/19/21.