Heading back to 280!!23 Mar 2021 10:21
"Looking at the four-hour chart, we see that the BP stock is at an important level. The shares formed what looks like a double-top pattern at 325p this month. In technical analysis, a double top and double bottom are usually reversal patterns. Also, the stock is trading at important support since it formed another double-top pattern there in January this year.
The stock has also crossed the 25-day moving average. Therefore, in my view, I suspect that the BP share price will decline in the near term as bears target the next key support at 280p"