BHI was one of the top leaders on the s&p100, so here are some ar lines. I'm slightly bullish.
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pitchforks
- Thread starter racehorse
- Start date
who else is reading this thread besides me?
A different view of BP on a daily. We're near the first resistance around 35, indicated by the red resistance level, and the downward sloping black fork line. Notice the last red CIRCLE on the black line..we tested and then crashed lower..I'm expecteing a test on or near this line, and then weakness before possibly getting in short.
A 50% retrace puts us near the 44 resistance level, which is in line with the 3rd red line resistance point, give or take.
A 50% retrace puts us near the 44 resistance level, which is in line with the 3rd red line resistance point, give or take.