Since so many of you are looking at BP, here's a 60 min chart,
nice clean downtrend channel, but again realize that are still
playing with fire and remember it has the potential for strong
moves in either direction and large gaps. Based on the chart,
it would be nice to see a new low that would form positive
divergence via the MACD, but that may or may not occur.
Yes and with Obama talking tonight and Wednesday with BP who
knows ... they might become Obama's Goverment Oil company along
with UK Goverment owning some.
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BP chart
Posted by matt on 15th of Jun 2010 at 10:07 am
Since so many of you are looking at BP, here's a 60 min chart, nice clean downtrend channel, but again realize that are still playing with fire and remember it has the potential for strong moves in either direction and large gaps. Based on the chart, it would be nice to see a new low that would form positive divergence via the MACD, but that may or may not occur.
BP 60 min chart
Just realize that BP is
Posted by steve on 15th of Jun 2010 at 10:12 am
Just realize that BP is a complete news driven stock with the focus on the untapped well. Only Jacques Costeau may have a true insight.
Indeed Matt. Jacques Costeau lol...
Posted by piclez on 15th of Jun 2010 at 11:59 am
Indeed Matt. Jacques Costeau lol...
Yes and with Obama talking
Posted by cspirit on 15th of Jun 2010 at 10:25 am
Yes and with Obama talking tonight and Wednesday with BP who knows ... they might become Obama's Goverment Oil company along with UK Goverment owning some.