Get started
BP PLC DRN EDBP PLC DRN EDBP PLC DRN ED

BP PLC DRN ED

No trades
See on Supercharts
Overview News
Ideas
Technicals

B1PP34 trade ideas

Shorting BP pre-earningsBP has been slowly moving up with the price of oil since April. This has not yet destroyed the long term bearish momentum on the Monthly timeframe where the downward trend is still intact. Price has now gotten to the top of the Weekly cloud to contain the overall long term bearish trend. At this point it's a "line in the sand" to determine long term sentiment going into this quarter. I'm taking a pre-earnings play with October 33 Puts. I'm targeting the next major support at 31.55 by before September to get out before theta decay kicks in.
NYSE:BPShort
by norok
4
BP PLC - BP - Daily - Key Hidden Levels are Essential in BP!Look at the remarkable action around the KEY HIDDEN LEVELS in BP over the past 10 months - There have been multiple tests of the key support lines that provided ideal and low risk entries on pull-backs. Subscribe to "Key Hidden Levels" in the "Marketplace Add-Ons" section of "Indicators" . I'm looking to get long against support down here - I will post my entries here on Tradingview. Also, if you are short CVX against purchases in BP, you can create a "market neutral - pairs trade". See the link to CVX below. Tim
NYSE:BP
by timwest
9
BP Ichimoku tk cross on 6/17/14....15.08 rectangle patternBP was stuck in a tight range from July 19 2010 to really April 21 2014 and has not been back to the range nor closed in it the range since 4/14/14. The range i am talking about is 49.53 (high) to 34.46 (low). 49.53-34.46= 15.08 range. Today the ichimoku gave a tenkan kijun cross to the upside. By using the 15.08 rectangle price pattern this puts the market at $64.61 if you scale out to a weekly chart you will notice that the 64.61 price range lines up with a nice resistance level. By scaling down to a daily chart to find an entry, and then macro managing the trade from a weekly chart can be down.
NYSE:BPLong
by tradingformoney
1
BP BREAKOUT!!!This is almost the same chart I published a few months ago but I just noticed the breakout so here it is again. Pretty explanatory but look at my weekly chart on this to see the entire picture. My weekly is still active from way back, I only closed the daily one. Sorry I didn't catch this a week ago when it gapped over the resistance line, but we are still at a good partial opening position and add to it if it gets closer to 43. Use somewhere around 42 as stop. Long story short... HUGE UPSIDE POTENTAIL! Long long-term target mid 60s. Near long target (month or 2) 48 HAPPY TRADING!
NYSE:BPLong
by octradr
2