AI
Thursday, February 03, 2011 10:21:57 PM
BP still a great short - but a bit tricky (contrary to popular belief, shorts usually are harder).
Chart showing out of this uptrend channel with a potential head and shoulders top. Dependent on the breakdown from the blue neckline, target here is around 41.
This is a classic head-fake corrective move coming off the aggressive downtrend in the form of a bear wedge. It points to 32 (exact target can only be made after a break of the bottom line):
I continue to hold and have added various april puts.
Chart showing out of this uptrend channel with a potential head and shoulders top. Dependent on the breakdown from the blue neckline, target here is around 41.
This is a classic head-fake corrective move coming off the aggressive downtrend in the form of a bear wedge. It points to 32 (exact target can only be made after a break of the bottom line):
I continue to hold and have added various april puts.
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