Welcome to RiskMastery's Breakout Stocks - Stocks with breakout potential.
In this edition, we'll be looking at ASX:BPT ...
I believe this code is at a point of potential volatility.
If price can hold above $1.735 ... Bullish potential may be unlocked.
My key upside targets include:
- $1.91 (Conservative)
- $2.19 (Medium)
- $2.52 (Aggressive)
...
This stock has been lagging it's peers due to weaker fundamentals. The energy sector is still strong, with no sympathy for BPT as of yet.
BPT currently at a key support level showing strength and forming higher lows, entry for low risk high RR.
Trade Open: 1.48
Risk: 1.45
Target: 1.7, will follow with stop beyond this level
Trade Active
Beach Energy has found some legs in the last couple of week. I like what I'm seeing. It's coming off a very low base on the weekly stochastics and there's room to build some real long term momentum here.
BPT has an historic respect for the 1.70 to 1.80 zone that's acted as a major support and resistance zone for over a decade. Should BPT manage to trade...
BPT
Level marked on chart from previous zone of interest. ST target into this zone of interest.
-Macro Breakout
-Increasing Volume
-Oil and Gas sector
-ST target market on chart
Now that it's taken such a big dive down, it looks like it could go back to previous support of 92c. However it could jump back above the trend line and become bullish again.
COVID has taken a hit to the oil industry, including the new agreement in the US to have 50% electric cars manufactured and sold from 2030. Could be a thing? We'll wait and see.
At this...
After making a Higher High and then pulling back BPT has bounced off strongly giving a strong break to the upsode with High Volume . It bounced off exactly from the High Profile Volume Zone (confluence) and MACD giving a Bullish Cross, indicating that it is most likely to head higher towards its previous highs!!
TP - $1.890
Stoploss - $1.570
Please note these...
Hello Fellow Trader!
View: Beach Energy Limited (BPT.AX) coiling above a daily trend break and finding support at $1.50.
In the month of August, Natural gas spot price finished up 44% and Oil up 8% to support what could be an undervalued company imbedded in the ASX during a pandemic, leaving most investors in limbo on where to invest their money.
Their full...
a lot of stocks are printing similar charts right now...
BPT has had a breakout of a rising wedge and has come back for a retest. I'm aiming for the last swing low as a target
The recent breakout in SP of #BPT as seen increasing volume on a decreasing SP, strong bearish sign. It has dropped to the lower trend line and also in the range of the 2018/19 peaks. A break of this trend line could see SP fall to the 1.8-1.7 range and 1.3-1.15 range.
Beach Energy Looking Good if price can break $2.45. $BPT
Green 2 over Green 1. "Go Long"
Elder Impulse System is green = " Go Long".
MACD and RSI about to get bullish too.
wow. strong move to new highs.
looks like someone is buying up strong.
so we catch a ride on the way up.
share trading is nothing more than herd
psychology.
identify the trend. catch a ride.
