BP To the moon?
BP Shares have suffered with issues over oil price / demand, clean energy disruption & competition - Price hit a 26 year low earlier this week
However, significant divergence in Share Price VS Momentum - small position taken
Shares have broken out of channel, looking for a retest + rejection of channel (which appears to emerging at the moment) to give greater confirmation for larger position
With price being at historic lows it makes for an excellent RRR
Please note Earnings on 27/10 could provide extreme volatility in share price - so may be worth waiting until after the figures are announced before taking a position.
However, significant divergence in Share Price VS Momentum - small position taken
Shares have broken out of channel, looking for a retest + rejection of channel (which appears to emerging at the moment) to give greater confirmation for larger position
With price being at historic lows it makes for an excellent RRR
Please note Earnings on 27/10 could provide extreme volatility in share price - so may be worth waiting until after the figures are announced before taking a position.
ملاحظة
Still long on this
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إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.