This is a pullback and very deep and this reduce the risk to be shocked for a whipsaw some people doubt, but you can wait for some green candlesticks or a swing low, for feel more sure about the idea follow the daily chart like a hawk in the wait of a swing. www.tradingview.com Again this idea work for swing trading and position trading too. In this case I...
see notes below-indicators neg
Recent worries over capital gains tax hikes and dividend decreases have driven BPT to new lows. Current Annualized Dividend: (based on last reduced quarterly dividend) $7.29 Div. Yield: 9.85% Yield. Next dividend record date around Jan. 08-13, not official yet. With Middle East tension sure to escalate next year oil prices will sky rocket benefiting...
Looking for a entry on any weakness. Ideal Entry between 92 and 93 Target 105/106 I would put the stop all the way down at 88 due to the 10% dividend coming.