By Tim - http://stockstobuy.org
The following is BP plc (BP) stock technical analysis for June 16, 2010
BP plc (BP) Support & Resistance Levels - 6/16/10
Resistance Levels: $35, $36.20, $38.15, $40, $40.96
Support Levels: $29
Chart - http://www.stockcharts.com/
Support Levels: $29
Chart - http://www.stockcharts.com/
BP plc (BP) stock is lower by $1.00 in pre market this morning after President Obama's strong comments last night and the fact that the cost of BP's dept is moving higher. BP stock has support located at $29.85 as well as $29. If we see BP break below $29, I think we can easily see a move toward $25 or lower. I'd only be a buyer of this stock when I see it break $34.46 and close above $35 for right now.
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