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.
Nota
Still long on this
Aviso legal
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.