Analyzing the options chain and the chart patterns of BP p.l.c. prior to the earnings report this week,
I would consider purchasing the 38.50usd strike price Calls with
an expiration date of 2024-5-17,
for a premium of approximately $1.05.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
I share this analysis because it's really interesting how the price moved.
We can see a Vertical Accumulation of orders.:
SC
ST
STB
ST
SPRING
in a long periode, due to this, we can really expect the price to have a bullish move upside, potentially not now but for me it's worth taking a trade even if the zone is not optimized.
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Hello Traders ✌
After a careful consideration I came to the conclusion that:
- it is crucial to be quick in alerting you with all the...
BP Corp ( NYSE:BP ), the British oil giant, witnessed a significant surge in its stock prices, jumping by more than 5%, following its announcement to enhance shareholder returns. Despite experiencing a notable decline in its annual profit, the company’s strategic moves to accelerate share buybacks and increase dividends have invigorated investor...
Analyzing the options chain and the chart patterns of BP p.l.c. prior to the earnings report this week,
I would consider purchasing the 36usd strike price in the money Puts with
an expiration date of 2024-7-19,
for a premium of approximately $3.00.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
BP appears to be Double Bottoming above the previous All-Time-High-Resistance and is Bullishly Diverging on the RSI and MACD. If this level hold, BP has room to go all the way up to around $50 which would also align with the 1.618 Fibonacci Extension. I personally think that out of all the big Oil Companies like XOM and CVX, BP presents the better value and would...
Hello,
Introduction:
Investors often seek lucrative opportunities in the stock market, and identifying potential short positions can be a key strategy. In this analysis, we turn our attention to BP Plc, a prominent integrated oil and gas company. The current market conditions suggest a favorable setup for a short position, with the company exhibiting signs of...
BP (BP.)
Financial Snapshot:
BP reported a significant drop in third-quarter profits, with underlying earnings totalling $3.3 billion, down from $8.2 billion in the same period a year earlier. These results fell short of market expectations, which had anticipated earnings of $4 billion.
Today’s results were BP’s first since the resignation of CEO Bernard...
BP (Weekly): Bullish WOLFE wave
TP1 has already been reached
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BP (Daily): Bearish WOLFE Wave!
Watch the EMA.50 and EMA.200 which are potential targets in the short and medium term!
As well as the levels / Fibonacci / Bollinger: ICHIMOKU
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Happy trading everyone, be careful!!
Energy stocks have been running lately. One big name has lagged but may play catch-up: BP.
The first pattern on today’s chart is the $37.36 level. It was the opening price on May 2 when the stock gapped lower. Prices have remained below that line since, which may create the potential for a breakout if resistance gives way.
Second, May ended with a false...
BP previously broke out of the Bull Cypher and bull flag on the 1hr. After this retrace in oil, BP is looking to stabilize above the bullish cypher breakout A/C leg . Price action must hold above breakout from Bull flag (5th wave)
In the ever-changing global energy market, BP, the British oil company, has demonstrated resilience.
Facing geopolitical challenges and supply disruptions from the Russia-Ukraine war and OPEC+ decision to limit global production, BP stands at the forefront of the dynamic changes in global energy supply and benefits from the persistent energy inflation that has...
The PEAD projected a bullish outlook for NYSE:BP after a negative under reaction following its earnings release placing the stock in drift D with an expected accuracy of 33.33%.
Fuel demand in Europe has been slow while consumption in China has been strong following the lifting of pandemic restrictions. BP's shares closed lower than 9% in London trading, their largest daily drop since the pandemic panic, after it said it would repurchase stocks worth $1.75 billion over the next three months, down from $2.75 billion in the past quarter....
Today, the price of BP shares experienced a significant decline after the release of their Q1 earnings report, despite the fact that they made 4 billion during this time period. This phenomenon can be explained as a case of "buying the rumour and selling the fact." To better understand the market's reaction, we look at the BP chart to identify the key support...
Oil Giant BP has enjoyed a spectacular run over the last couple of years. Now it looks exhausted with the price hitting the level of historic resistance that has lasted many years. The recent 2 weeks show a double top M pattern with a failure to break above the previous week's high.
