Thread by @malteseinvest

Analysis: #NYSE $BP

Case 167 #BP P.L.C.

DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.

Thread 👇👇👇

#BP 1/4

Chart 1: Extremely bearish with major #resistance at 48.50, 53.30 and 62.75 with #support 27.00, 21.15 and 18.10. A weekly close below 35.10 will target 33.90 and eventually 32.20/00. A #confluence of .....

BP 2/4

..... resistance seen by the #SMA 200 on the weekly and daily at 38.73 and 38.75 respectively.

BP 3/4

Chart 2
Daily Chart: Immediate resistance at 36.73 - daily SMA 20 and #trendline.

The #Strategy is printed on the image.

$BP 4/4