BHP 1.07% $43.54 bhp group limited

hi all.last weeks strong sp action has broken a number of...

  1. 582
    692 Posts.
    lightbulb Created with Sketch. 7
    hi all.
    last weeks strong sp action has broken a number of resistance lines.
    short term resistance broken (on chart).
    the 1.00% expansion fib $39.76(using the 3 macd crossover points) broken.
    there could be a short term down trend to the .382% fib $38.64
    to me there looks like little resistance between fridays close and the high from the 24/8/2008 of $42.06.
    $42.06 is also the 1.618% expansion fib using the same 3 macd crossover points (the sp does not normally expand that distance with out a short term pull back)
    mongo. look as if wxyz double zig zag is still in play.
    any comments would be great. DYOR.

    have a good one.

    582



 
watchlist Created with Sketch. Add BHP (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.