BP longLooking to buy BP at 420p. I am bullish oil and expecting USD to fall off from current levels leading to further oil bullishness. As oil is inelastic on demand, we should expect very minor demand decreases on an oil price increase.Longby DavidBelleFX4
BP in troubleWe have seen a large fall in BP prices for a very long time. long standing trend line very much in play going down and its just come off another touch. BP price has respected the technicals very well retracing into the 61 level falling off then retracing into the 50 and falling off before retracing into the trend line again. looking to see a test of the 320 area now Shortby gdf_fx2
BP: The recovery is near...BP approves final investment decision on $8B Indonesian LNG project 7% dividend Longby StockBlog2
Shorting BP pre-earningsBP has been slowly moving up with the price of oil since April. This has not yet destroyed the long term bearish momentum on the Monthly timeframe where the downward trend is still intact. Price has now gotten to the top of the Weekly cloud to contain the overall long term bearish trend. At this point it's a "line in the sand" to determine long term sentiment going into this quarter. I'm taking a pre-earnings play with October 33 Puts. I'm targeting the next major support at 31.55 by before September to get out before theta decay kicks in.Shortby norok442
pennies to thousands high put activitystock fails in 31 area three times macd and relative strength weak stoc turned south cloud is thin east to pierce gap down close to 50 day maShortby penniestothousands0
BP(Daily) - Inverse HS potential-Double bottom.BP(Daily) Inverse HS potential, double bottom. Inverse HS potential brake_out. Double bottom brake_out confirmed, 26.18 retest. Gap Fill. Long on retest of Neckline(after potential AB=CD), or on new high. OBV set to brake_out. Earnings due 28/4. Target_1 : 44 Target_2 : 46.50 Longby rv667
May be on its way down$BP completed a bearish Bat two weeks ago.. This was an Elite Zone setup The first reaction was a quick hit on our first target level, but than the stock rallied back up and spent almost two weeks jumping around the PRZ. On Thursday and Friday, we finally got the move I was expecting and it seems like $BP may be on its way down to test the 38$ zone... (must pass 40$ on its way down)by themarketzone0
BP - Multi decade support (excluding 2008)These levels had been first seen in 1997. Will these levels hold? Or the Oil prices are going further down and BP will get even cheaper? I am watching but will definitely buy on any sign of strength. This is definitely a value investment with a dividend yield of more than 6%by tech_yogi113
BP P.L.C. - BP - Daily - Down to Key Support - $2.50 upsideOversold on news to old support. Tim 12:05PM EST Tuesday, Sep 9, 2014Longby timwest665
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. Timby timwest994
BP (monthly chart)Next week I'm going to a presentation of the BP CFO. Do you want to know anything in particular? :)Longby LEONES552
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. Longby tradingformoney111
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!Longby octradr220
BP DailyI decided to make a daily chart to go along with my weekly chart. I thought this may give a little more depth to BP. There are 2 possible support lines and it is currently pretty close to one of them. I would short BP if it drops below the higher support line because I believe the higher support line is the most pertinant. See my weekly chart. Happy trading!by octradr110
BP is poised to sink!!!Zoom out to see the overall picture. It just formed a major bearish dark cloud cover with a doji at a major resistance band. Short now and reap the rewards. Set stop at 44 and cover at 42.50 if it retreats quickly. Short again if it re-tests the resistance area again with a target of 41.50. Happy trading.Shortby octradr330