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BP Technical Analysis for Speculators



June 09, 2010 – Comments (6) | RELATED TICKERS: BP

 When this stock was at $42.00 I said that It would test $35.00... Went through that substantial floor,now the next test Is $33.00. The stock last traded at this level  on  2/ 1 / 97....    If the stock fails to hold at  $33.00, the next stop before any meaningful support Is  $26.70, a price that has not been seen on this stock since 5 / 1 / 96.....     TS

6 Comments – Post Your Own

#1) On June 09, 2010 at 11:04 AM, topsecret09 (87.10) wrote:

ANALYSIS  !!!!    Just woke up,can't see...    LOL !!!!!!!    TS

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#2) On June 09, 2010 at 11:08 AM, binve (< 20) wrote:

Hey TS, I have a chart for you. Just a sec

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#3) On June 09, 2010 at 11:09 AM, obsoleteaccount (< 20) wrote:

Thanks! I am a buyer at 26.70 but no earlier than that.

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#4) On June 09, 2010 at 11:20 AM, binve (< 20) wrote:

TS, I very much agree with you $27.00 support line. Here is my long term chart for BP


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#5) On June 09, 2010 at 1:47 PM, topsecret09 (87.10) wrote:


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#6) On June 10, 2010 at 12:13 AM, topsecret09 (87.10) wrote:

BP Plummets 16%; BofA and Exxon Fall       American depositary shares of BP tumbled 5.48, or 16%, to 29.20 after the U.S. government's point man on the Gulf of Mexico oil spill said in a letter that BP was taking too long to process compensation claims filed by people whose livelihoods have been affected by the disaster. Meanwhile, expectations are increasing that the company will cut dividends to help pay for the Gulf of Mexico disaster.   See next stop for this stock above...    TS

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