Monday, July 26, 2010

UK:BP - Strike again.

I was planning to get into BP if it comes lower but by looking at todays opening price action, maybe not. Jump into the band wagon with a tight stop. Keeping in mind individual as well as portfolio risk/reward payout and ratio. Looking at exit target of 475 which is the natural objective by the resistance of the parallel trend channel and the meeting of the 2nd Movong average line. So good luck to myself.



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