1
BP stock price (NYSE: BP) recovered approximately 10% from its recent swing low.
2
BP PLC’s stock price sustained above the 50-day and 200-day EMA.
3
BP stock price succeeded in breaking the $38.00 hurdle.
BP stock price (NYSE: BP) defended $35.00 support and recovered 10% (approx.) from its recent swing low. It formed a bullish continuation pattern and rose upward by forming higher high candles.
BP PLC stock price sustains above 50-day and 200-day EMA which slopes upward. It showcases that the short-term as well as long-term trend has turned bullish.
For the past few months, BP share price seems to be consolidating in the range between $34.00 to $38.00. It showed signs of long-term base formation and absorbed the selling pressure.
Recently, BP shares had a breakout of the $38.00 hurdle with high volume. It indicates fresh buyers are getting active and preparing for the next phase of the rally.
Previously, in February and Apri
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