Trading is simple but not easy. Really anyone can do it. Here are my rules - Use a 3 chart correlation to trade the bigger picture & filter out market fluctuation.This will help to control your emotions & control trigger fingers. - scan the market for low risk (Rs) and high reward (Rw) trades. a ratio of 1 to 3 is minimum. Find places where Support &...
Fueled by a new round of buy backs, lets see if BP can touch its 200 DMA on a weekly timeframe.
Looking for 29 area for the gap fill, then hopefully 33 resistance area.
A simple but useful chart for analyzing the opportunity cost DYOR
- incredible low 9 PE ratio - they are investing in offshore and onshore wind energy, carbon, hydrogen, and many different types of renewables - a ton of cash on hand - just reported a great quarter What’s not to love? In a world that’s starved for value and energy companies are the most important
The PEAD projected a Bullish outlook for $BP after a Positive over reaction following its earnings release placing the stock in drift B If you would like to see the Drift for another stock please message us. Also click on the Like Button if this was useful and follow us or join us.
cross 200 ma .follow the uptrend channel .stoploss under 200ma
Continued DCA on BP. If in doubt zoom out. ** NOT TRADING ADVICE **
Today we will look at the chart of the price movement stocks of British Petroleum , BP, British Petroleum Corp. - a corporation that for many years has been among the leaders of the oil and gas, petrochemical and coal industries on all continents. They had an interesting history of BP stock pricing in accordance with the events in the world at that time....
Symbol: NYSE:BP Indicators Laguerre RSI 2 x Multi-Time Frame EMA Type: Call Strike: $26.50 Comments: A bullish options trade came in for this ticker which was bought for extremely cheap. Looks like someone may be expecting oil to rally higher.
My chart on BP and where I will enter, SL, and TP.
BP Current Price $27.32 Price Target $32 $27c 10/15 ($189,5% till breakeven) Trading at under 10x PE and at 1.0 P/B(FWD) is very cheap even for the oil and gas sector. With a 4.6% dividend BP is the best value play in the oil sector. Oil prices will continue to rise as we move farther into the summer (driving season). The increases in demand we are seeing are not...
Gap up and if price breaks out could be looking at a 4% gain in the coming days
British Petroleum $BP Current Price $27.38 Price Target $32 $27c 10/15 ( $216, 6% till breakeven) Good stock to own as we continue to see Oil move higher as we go into the summer driving season. If we get $75-$80 a barrel on oil BP’s earnings will benefit greatly.Under 10PE almost 5% dividend makes BP very attractive here. Now that we have confirmed $27 support...
Current Price $26.50 Price Target $32 I Like the oil sector (RDSA,KMI) going into the summer as prices are expected to rise which will have a significant positive impact on earnings for oil & gas companies. BP is trading less than book value (0.97) at only 9 PE (FWD) with a solid 5% dividend. This is a safer hold than most pure play oil & gas companies as BP has...
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.