Monday, July 26, 2010

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

BP plc BP  Resistance & Support Levels - 07/26/2010


Resistance levels: $37.59, $37.34, $37.10


Support levels:$36.39, $35.92, $35.68


 




BP shares are trading is trading near 37.90 in pre-market.The share of BP are trading over 9 day moving average which is short term bullish. Next resistance level  are  Resistance levels $38-$39.Stock is trading under 50 day moving average now which is $37.37.Next swing point is $39.81 area. Chart look good in short term bullish signal.I think stock is buy near $33-$34 again. I think BP share will down from here but also stock up-down with news.I will be careful here to trade.

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Good Luck .. Trade Smart!

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