BHP 0.94% $45.06 bhp group limited

buy in price, page-18

  1. 47,984 Posts.
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    ectoplasm

    Great chart work & interesting points re the US ADRs vs Oz moves.

    IMO the high levels of short sales BHP has experienced recently [56% last Thursday] suggest that $40 is a major resistance level. If that resistance is broken on a volume surge it would probably see massive, upward-spiralling short covering. Otherwise it may stay range-bound until re-stocking & results publication early in 2010!

    4YIO - NFA - PDYOR
 
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