BPT 2.06% $1.19 beach energy limited

mixed lead from o/s mkts last night. Dow recovery was fantastic...

  1. 345 Posts.
    mixed lead from o/s mkts last night. Dow recovery was fantastic so could lead to a relief rally larger than SPI futures suggest at moment imo.

    POO down 1.8%, breaking tech support at $72 but think Dow lead will over-ride this influence on Monday.

    USD topped out in my view, so looking for POO rebound mid next week. Think the Euro country debt situation will prove to be overblown.

    BPT chart oversold, I've started accumulating and will phase in my position, may see a little more weakness but risk (of sub 70c) to reward is favourable. Friday candle formation could be exhaustion gap - next week will confirm or otherwise.

    goodluck :)
 
watchlist Created with Sketch. Add BPT (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.