BP plc BP Stock Technical Analysis, Stock is buy or hold here?

BP plc BP  Resistance & Support Levels - 08/16/2010

BP plc BP  stock technical analysis for August 16, 2010

Resistance levels: $41.39, $40.57, $39.75

Support levels:$37.93, $36.93, $36.11


 

Share of BP's got nice rebound from mid $37 which is good ta bounce, next resistance level  is $41.59.Stock is trading  over 9 day moving average which is bullish sign.Next swing point is $39.81 area. Chart look good in short term bullish signal.Big resistance area will be 200 ema which $45.27.I think stock is buy near $33-$34 again.

You want to find out more Technical Analysis -Go Here
 
Good Luck .. Trade Smart!

For the latest updates on the stock market, visit,
http://hotstocks-blog.blogspot.com/ or Subscribe for free.