Resistance levels: $39.81, $38.83, $37.85
BP shareis trading in pre market $36.75.The share of BP are trading over 9/14/20 moving average, stock was nice up day last few days. Next resistance level are $39.81, $38.83, $37.85. Chart look good in short term bullish signal. If you see weekly chart stock has more down side risk.Stock got black candle yesterday that is bearish sign.I think stock is buy near $30-$33 again. I think BP share will down from here but also stock up-down with news.I will be careful here to trade.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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