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BP Share Chat (BP.)



Share Price: 447.70Bid: 447.70Ask: 447.85Change: -3.10 (-0.69%)Faller - Bp
Spread: 0.15Spread as %: 0.03%Open: 452.00High: 454.00Low: 445.50Yesterday’s Close: 450.80


Share Discussion for BP


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Just_My_Opinions
Posts: 7,003
Off Topic
Opinion:No Opinion
Price:447.70
RE: Strong signs
Today 16:50
Nims,

Spade a spade... that aint detailing a strategy. I doubt anyone with common sense will follow that tip without sound strategy. If you have one share it properly mate.
 
nims
Posts: 878
Off Topic
Opinion:No Opinion
Price:448.25
RE: Strong signs
Today 16:07
Hi Borgy my charts and methodology is very complex and it does not follow conventional charting methods. I actually bought in today at £4.51 but I'm not worried provided my £4.48 - £4.52 range is held today and tomorrow. Remember the markets always force you to be twitchy. I put some inflationary values on estimated profits for 2017 and increase in assets. I also put in a Graham score and looked at current RSI and it shows that BP has been oversold. If you also compare with peers it's strong and with Middle East deals in place it's playing out well.

I don't day trade so I am only long and will be long until my price target hits. After the close tomorrow I will be more confident in my purchase of BP shares, but with a decent divi and 1st quarter 2017 results predicted to be better than 4th quarter 2016 there is room for sp growth in BP. It's a strong company so keep faith. My target price if we close above £4.48 tomorrow is £4.65 and once hit I will re review target.
Borgy74
Posts: 296
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:448.10
RE: Strong signs
Today 14:10
Nims can u possibly explain or show me the chart which makes you optimistic. I was long yesterday because of the some cross overs and it looked like i was vindicated when i went long at 445 and the sp went on to rise upto 456 but then came down to close 450, today all the positive indicators i saw on my chart were reversed so i have had to make a decision to sell... i will watch it and come back in possibly but disappointed in it not holding its 450+.

https://uk.tradingview.com/chart/jek9Wc4f/
Borgy74
Posts: 296
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:448.10
RE: Strong signs
Today 14:09
Nims can u possibly explain or show me the chart which makes you optimistic. I was long yesterday because of the some cross overs and it looked like i was vindicated when i went long at 445 and the sp went on to rise upto 456 but then came down to close 450, today all the positive indicators i saw on my chart were reversed so i have had to make a decision to sell... i will watch it and come back in possibly but disappointed in it not holding its 450+.

https://uk.tradingview.com/chart/jek9Wc4f/
nims
Posts: 878
Off Topic
Opinion:No Opinion
Price:450.15
Strong signs
Today 10:23
BP today has shown signs that it will break away from £4.50 to £4.60 quite swiftly. howevwr in order to do this BP will need to hold £4.48 - £4.52 price range for close today and tomorrow. If held then BP will fly to £4.60 and may even touch £4.75.

Looking at their books in more detail it isn't all bad news. Bp can easily raise capital if needed and all they have to do is stop some key projects and they save billions. Also oil price WTI and Brent has stabilised so $60 a barrel Brent is possible over the next 4 months. GLA and let's hope my data charts are right. Can't wait for closing bell now
fruitbat
Posts: 63
Off Topic
Opinion:No Opinion
Price:450.80
bp
Tue 17:19
well ive got 30k shares now at 446,5 on average, oil holding tops, cant see SP below 435 now .
Unless we see massive correction should grind up with oil price.
resistance 460, 482, 492.
Good luck chaps, filled my boots and sold eur usd after Greenspan's comments :-)
TheMeanMachine
Posts: 348
Observation
Opinion:No Opinion
Price:453.80
BP.
Tue 16:18
Barclays and Citigroup. Maybe.
Am only guessing but today's movement is a spike and will continue to drift towards over the next week or two.
I'm a BP buyer but I'll wait a bit. However, Oil prices are slowly creeping upwards ever closer to the magic 60p.
I'm thinking my sub £4 buy in may need to be increased up otherwise I'll miss the boat on this one. Nice divi here.
westie50
Posts: 1,837
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:455.60
RE: BP.
Tue 15:43
Possibly because of two updated broker recommendations today?
TheMeanMachine
Posts: 348
Observation
Opinion:No Opinion
Price:455.30
BP.
Tue 13:02
I wonder how many HSBC shareholders who sold today bought BP shares ?
westie50
Posts: 1,837
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:455.75
RE: Long
Tue 11:41
Added at 455p. That's me in for a few months now.




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