Jul 30, 2021 (Stock Traders Daily via COMTEX) -- Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This report optimizes trading in Bp /zigman2/quotes/207305210/composite BP +0.24% with integrated risk controls.
The trading plans were valid at the time this was published, but the support and resistance levels for BP change as time passes, and this should be updated in real time. Access those real time updates for this and 1000 other stocks here. Unlimited Real Time Reports
Protection from Market Crashes: Subscribers also get our Tail Risk hedge, Evitar Corte
Use the basic rules of Technical Analysis. Here are some examples: if BP is testing support the signal is to buy and target resistance. On the other hand, if resistance is tested, that is a sign to short, and target support. No matter which side the trade is, long or short, the trigger point is both a place to enter and as a risk control.
This data can be used to define Day Trading, Swing Trading, and Long Term Investing plans for BP too. All of these are offered here: Access our Real Time Trading Plans
Buy BP over 23.78 target 26.72 stop loss @ 23.71
Short BP under 26.72, target 23.78, stop loss @ 26.8
Buy BP over 26.72, target 29.79, Stop Loss @ 26.64
Short BP near 26.72, target 24.50, Stop Loss @ 26.8.
Buy BP over 24.96, target 26.72, Stop Loss @ 24.9
Short BP near 24.96, target 24.55, Stop Loss @ 25.02.
BP Technical Summary | Raw Data for the Trading Plans
Is there a problem with this press release? Contact the source provider Comtex at email@example.com. You can also contact MarketWatch Customer Service via our Customer Center.