bpt will become cheaper over the next seve??

Just found this in my mail box from Smart Investor:

Beach Energy (BPT) is one of the better companies in Australia’s Cooper Basin. The mining group has a steady source of revenue from its conventional assets, which helps underpin a successful exploration program.

BPT is well placed to exploit the expected increase in eastern Australian gas prices. The balance sheet is strong and debt is minimal. So why are we not buying it?

When you look at the charts, you can see the uptrend has likely finished and BPT will become cheaper for investors over the next several weeks.

The other negative sign you will note is the divergence between the share price and the Relative Strength Index (RSI).

So BPT is therefore likely to drift south over the next several weeks at least. We would expect it to find some support back in the $1.30 to $1.40 region.