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MoonFaceMan
Aug 16, 2021 12:57 AM

BPT - Beach Energy Could Go to 92c Short

BEACH ENERGY LIMITEDASX

Description

Now that it's taken such a big dive down, it looks like it could go back to previous support of 92c. However it could jump back above the trend line and become bullish again.

COVID has taken a hit to the oil industry, including the new agreement in the US to have 50% electric cars manufactured and sold from 2030. Could be a thing? We'll wait and see.

At this point, it's a short for me.
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