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

BP plc BP  Resistance & Support Levels - 08/02/2010

BP plc BP  stock technical analysis for August 02, 2010

Resistance levels: $39.23, $38.97, $38.72

Support levels:$38.12, $37.77, $37.52


 

The share of BP are trading over 9 day moving average which is short term bullish. Next resistance level  are  $39-$40.Stock is trading over 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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