After Earnings, BP Technical Set-Up Points Higher...

As long as any forthcoming weakness in BP is contained above 34.60/45, my pattern and momentum work argues for upside continuation off of the initial upleg from the Sept 29 low at 29.35 to the Oct 9 low at 36.50.

My optimal upside targets are 37.80 and then 39.00.

  • Action-Oriented Trade Set-Ups in Stocks & ETFs
  • Macro Analysis of the Broader Markets
  • Detailed Technical Guidance for each Trading Idea
  • Live Interaction w/ Mike & Our Member Community
  • And Much, Much More!
Join Now! - Special Offer!
Veteran Wall Street analyst and financial author, Mike provides detailed and timely analysis and trade set-ups on a range of markets. Read more...

Have Mike's “Out Front” morning analysis delivered FREE to your email inbox twice weekly!