BP plc BP Stock holding over $36 in mid day

BP plc BP  Resistance & Support Levels - 09/02/2010

BP plc BP  stock technical analysis for September 02, 2010

Resistance levels: $36.91, $36.66, $36.41

Support levels:$34.90, $34.25, $33.79

 

Stock is holding over $36 in mid day which is bullish so far.Share of BP trading near 9 day moving average.New bullish signal will be if stock over 9 day moving average which is $36.20.I will keep on eye for trading opportunity.Next resistance level  is 9 day moving average which is $36.20.I think stock is buy near $38 again.But safe buy will be over $38 area. I think BP share  always news kind of stock so I will be careful here to trade.I think smart money already make BP stock. 

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.