BP Headed to 21.7

A reader requested a chart for BP:

Here's a 20 year chart. BP has dropped below a 1996-2002 support level at 34.6. BP is headed to 21.

I would steer clear of shorting or buying this stock. If you short, it could snap back to the upside 5-10 points anyday. If you buy the stock it could hit $10.3

With every other stock trading at a steep discount from 3 months ago, it's better to wait for the stock market low and make safer long plays like BAC, F, FSLR, etc.