one steel and bhp, page-8

Flevine

I'm not sure if BMW was the person who said it was going to go to 11c. I for one certainly indicated it as a likely floor, which never eventuated. 11.5c seems to have been the floor, which is not far off the predicted bottom! HAppy all the same that the retracement has ended and reversed.

Nice to see the SP staying well clear of the 200 day moving average. It is worthy to note that hte retracement prior to this (i.e. 4.3 c) also came within a similar margin of the 200 day moving average, only to go in reverse and up to 20.5.

Similar trading patterns are emerging when compared with the 4.3 c drop. I wonder where to from here? 52c????