@kg sorry for short reply earlier I was on a plane and getting a dirty look beside me.
Check out the LT charts on both. BPT is there, albeit might hit $1 first. Core revenue is oil. Gas will be future. I have been in and out of both for a long time and trade both ways. Shorted BPT from $1.70 and out at $1.30. Did same with DLS. Itchy trigger finger
a good CFD trade coming up IMO is on the S&P500. Retrace due, and is in overbought territory. I normally trade 100 units per trade on the mini, so $100 per pip. Based on the space it's in, I started averaging in today a moment ago at 2034 short with a limit of 10 points. I now have further short entries set for 100 contracts at 2049 with a 25 pt limit, 2064 with a 40 point limit. I normally get the first trade wrong but in lieu of going 300-500 contracts, this averaging in works better. Over a week to 3 weeks it normally comes off, just need patience.
Back to stocks on ASX, check out CTX for a daily take. Every single morning, doesn't matter what os markets have done, it springs up around 30-80c, then settles back to whatever the ASX index travel rate is. Each morning, you can look at the 1mim chart at open, watch for the 3rd spike, short it, and get 10-20 pips. 2000 contracts gets you $20 a pip. I call this as a lt short now also as it's overbought. Should come back to $25 after Xmas
for a long trade, I also just bought Alpha Bank AE in Europe. You will find it on IG. It's 53.7c eur. It used to trade pre GFC at 10 Euros. It's last high this year was 2 euros. It dropped to 0.67 eur. It has it's LT bottom now established at current levels. Bad debts have been dealt with IMO. Takeover target as the zone gets out of the shit. Fundamentals are good
