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BP - BP.L

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5 years 8 months ago #17054 by Paitech
Replied by Paitech on topic BP - BP.L
Looks time for a revisit on this

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5 years 7 months ago #17115 by Paitech
Replied by Paitech on topic BP - BP.L
HI TF,
I am thinking of adding a long at 258p...
I hold few from higher values too though

ta
G
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5 years 7 months ago #17116 by Trendfriend
Replied by Trendfriend on topic BP - BP.L
bp - daily.

uk.advfn.com/p.php?pid=chartscreenshotsh...LqEq13+TwCHGpXB043M=

possibly this has closed at a key gap support level.....will it hold?
it could do a gap fill and bounce?
i would say caution with this imvho.....the main markets have been strong (US indices) and ftse has been trading sideways.....but this stock has been falling....

bp - daily long term.
uk.advfn.com/p.php?pid=chartscreenshotsh...DORwT7RqrdKsIy3wWAU=

the longer term chart trend channel points to a possible drop ss low as 180p :whistle: ;)

lets see..

atb, wdik, dyor,
trendfriend :)
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5 years 6 months ago #17145 by Paitech
Replied by Paitech on topic BP - BP.L
This one too has broken down... and currently near 230s....
I did buy a long position, being over confident of a bounce, without a stop loss :)

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5 years 6 months ago #17149 by Paitech
Replied by Paitech on topic BP - BP.L
TF,
I am really tempted to buy some BP.its around 225p today.
What do you think....I have no idea why this is going down even compared to FTSE
Ta G
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5 years 6 months ago #17150 by Trendfriend
Replied by Trendfriend on topic BP - BP.L
bp - daily
uk.advfn.com/p.php?pid=chartscreenshotsh...WirvFr%2FFc5e73v0%3D

this has come back to retest the low of the crash.....will it hold and bounce or make a l/low? :whistle:
I think we could well see a bounce now....even if its only a short lived one... ;)
The rsi is below 30...

Can do a lot worse than buying bp at 225p......even with a reduced divi it returns around 7% at these levels....

question is will it go lower?
i honestly think it will....i'm waiting to see if this gets to 185p area....which was the target here from a while back... ;)
lets see...

atb, wdik, dyor,
trendfriend :)
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