BP plc BP stock technical analysis for June 21, 2010
Support & Resistance Levels - 6/21/10
Resistance levels: $33.65, $33.02, $32.39
Support levels:$31.27, $30.78, $30.15
The share of BP are trading under all moving average.Still support level is $29.If stock broke $29 level stock could go $26 level.I will be careful for this stock long or short side.Some resistance level is $34 but we will not see that near future.I think stay away from Bp stock, stock chart and fundamental not looking good.I think any bounce people will get out from this stock.I don't see any upside for long time BP stock.I will stay away from this stock, only I will trade only daily basis.
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.
