Beach Petroleum may well be the tortise of the junior oilers - not flashy and "here today; gone tomorrow".
BPT is in the game for the long haul.
I like the way its shareprice keeps inching forwards.
Forget any short term triangles on its chart and just focus on that huge ascending triangle on its long term chart.
Once it creeps up to a close over major resistance at 45c then its uptrend will be well and truly set in concrete.
Then this reliable old tortise will turn into a veritable hare with next resistance levels of 61c, then around the 75c level.
The fundamentals for this well managed dividend-paying oil stock also appeal.
It's not often that fundamental analysis and technical analysis so neatly agree.
This is one worth riding all the way imo.
the hare and the tortise
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Last
$1.50 |
Change
0.030(2.04%) |
Mkt cap ! $3.422B | |||
| Open | High | Low | Value | Volume |
| $1.46 | $1.50 | $1.45 | $33.59M | 22.43M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 179556 | $1.50 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.50 | 187151 | 4 |
View Market Depth
| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| BPT (ASX) Chart |