BP Stock A Great Staple Company For A Portfolio? | $BP Technical Analysis

Описание: BP has been one of those companies that everyone has been curious about especially when it comes to oil. Oil is not going to be just going away with all the EV hype that has been out there.

Back in the day BP had one heck of a PR issue due to the oil spill that took place but they have been seeing a recovery since coming from that. It's been hit with a lot of resistance on their chart as TraderMo goes through this company with a lot of overhang weighing down on this stock from a long term perspective.

BP right now is beautifully running through the sweet spot and is one that is showing some good candles as well on their charts. There is some potential with this stock if it keeps moving in the direction that it is on its long term chart.

Day chart wise, it is showing great things with it just starting to get over all its moving averages. Its showing some great progress which is great to hear. What you'll need to do something with this is a few more green candlesticks going forward. If they have a good run with some good volume, there is some potential.
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