Hey Rainman while I take your point BPT are not operating in a vacuum here and is moving in tandem with other O&G stocks and at times with the rest of the market. So to try and TA this with supports and resistance levels is like flogging a dead horse. More that likely BPT will rise on Monday mainly because the DOW was up 800 and Oil was up $2-3.00 but this won't be because it bounced off support etc it will be because the market went up in the US and you don't need to be a rocket scientist or TA guru to work that out.
Conversely if BPT does happen to fall and breaks a trend etc and starts to go against the grain then some form of TA might be warranted but at the end of the day I feel if BPT did go down then that would be due to sentiment and lack of confidence in the company not some mythical imaginary lines or to fill some sort of discontinuity that make the chart look whole.
Should be a good rebound on Monday but we'll see.
Cheers
BW
BPT target price, page-60
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Last
$1.32 |
Change
0.020(1.54%) |
Mkt cap ! $2.999B | |||
| Open | High | Low | Value | Volume |
| $1.32 | $1.33 | $1.30 | $14.05M | 10.65M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 23247 | $1.31 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.32 | 355096 | 12 |
View Market Depth
| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| BPT (ASX) Chart |