Resistance levels: $30.83, $30.33, $29.84
The share of BP are trading over 9 day moving average.Stock broke all support levels last few weeks.If stock broke the $26.75 level. Next stock could go low $20 level.I will be careful for this stock long or short side.Some resistance level is $30.42 . Next resistance level are $30.83, $30.33, $29.84. If you see weekly chart stock has more down side risk.As in most markets where emotion runs high, traders, but investors especially, tend to overreact to both bullish and bearish news. 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.
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Good Luck .. Trade Smart!
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