By Tim - http://stockstobuy.org
The following is BP plc (BP) stock technical analysis for August 18, 2010
BP plc (BP) Support & Resistance Levels - 8/18/10
Resistance Levels: $39.72, $41.57, $45.57
Support Levels: $37, $35
Chart - http://www.stockcharts.com/
Support Levels: $37, $35
Chart - http://www.stockcharts.com/
BP Plc (BP) continues to trade below the 10 day moving average and is trading around $37.80 so far today. BP will have resistance located at $40 as well as $41.59. As soon as BP breaks above this level, I think it will retest $45.57. On the downside, BP has support located at $37 as well as $35. BP becomes a strong buy near $35 for the long term.
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