BP

I have gone on this at 330p...tight stops.
Ta
G

I dont think this has bottomed yet imho... i could off course be totally wrong...

This chart shows what i mean, BP had been in a range of 360p to 500p since 2011(barring some bull trap breakouts)
uk.advfn.com/p.php?pid=chartscreenshotsh...DNURM%3D&symbol=L^BP .

This needed to jump back above 360p quickly to get back in that range, it tried and failed.

The question here is not if 300p will be tested??
I think its more a case of will 300p hold!!
Its easier to see on the Monthly.
uk.advfn.com/p.php?pid=chartscreenshotsh...FFEGZ8s=&symbol=L^BP .

Regards,
Trendfriend.

I think Looking at the daily Chart, you can see in the attached chart below,the short term trend line broke out to the upside today!!!

www.dropbox.com/s/jtxw9nbfw2wu1bi/BP_16_..._2015_Daily.png?dl=0

It does look like a breakout. MRA.
Let's see if it can get to and above 360p.
This is still in down trend, and sell the rallies mode atm...
Unless it gets back in its range....360- 500p

Regards,
Trendfriend

Out of BP at 344.56p.
Will wait to get in again...
Good weekend
Ta
G

lots of selling volume on Friday

www.dropbox.com/s/kwam5v7ou47ojvf/BP_18T...nd%20change.png?dl=0