BP plc BP Resistance, pivot & Support Levels - 06/03/2010
Resistance levels: $39.87, $39.13, $38.39
Support levels:$36.69, $35.73, $34.99
The share of BP rebound today but trading closed under all moving average.This stock got hit big time last few trading days. Government has opened a criminal investigation of BP.Stock has some resistance level $40.Support level is $40.If stock broke $35 level stock could go $31 level.I think stay away from Bp stock chart and fundamental not looking good.I think any bounce people will get out from this stock.
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Resistance levels: $39.87, $39.13, $38.39
The share of BP rebound today but trading closed under all moving average.This stock got hit big time last few trading days. Government has opened a criminal investigation of BP.Stock has some resistance level $40.Support level is $40.If stock broke $35 level stock could go $31 level.I think stay away from Bp stock chart and fundamental not looking good.I think any bounce people will get out from this stock.
Good Luck .. Trade Smart!
For the latest updates on the stock market, visit,
http://hotstocks-blog.blogspot.com/ or Subscribe for free