re: Alert Watch ... LONG potentialadding to commen Warrant Sales
& Trading
Mark McGuire
mark.mcguire@
bnpparibas.com.au
(02) 9025 5841
Simon Condon
simon.condon@
bnpparibas.com.au
(02) 9025 5832
Julie Ngui
julie.ngui@
bnpparibas.com.au
(02) 9025 5833
George Antonakakis
Technicals:
Last price BHP: $10.53
BHP looks as though it is at the beginning of a new wave upswing in a bigger picture
downtrend (beginning around March this year). Confidence has grown in this phase
continuing after the $10.50 resistance level was broken this morning. Also helping is the
bullish divergence in RSI (9 day) with the second movement coming out of oversold. Still
waiting however for a reversal signal from a trend-following indicator. ‘Hammer’ reversal
present on the 6th of this month. Looking for a short-term long trade with target at $11.00
(next resistance). Length of time of potential move will determine whether we are close to
trendline resistance as well, when exiting long/entering short position. At this stage (if it
happens) look again to volume divergence for overall downtrend to continue.
Trading Warrants:
Bulls: BHPWPO Jul $11.50 Call
Bears: BHPWPZ Aug $11.50 Put
Instalments:
BHPIPD Dec’02 $8.50 Instal
BHPIPF Jun ’03 $6.50 Instal
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Last
$43.42 |
Change
0.260(0.60%) |
Mkt cap ! $219.9B |
Open | High | Low | Value | Volume |
$43.33 | $43.43 | $43.18 | $38.01M | 877.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
9 | 4040 | $43.42 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$43.43 | 3942 | 11 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
10 | 799 | 43.400 |
16 | 4853 | 43.390 |
13 | 3618 | 43.380 |
10 | 2468 | 43.370 |
12 | 3776 | 43.360 |
Price($) | Vol. | No. |
---|---|---|
43.410 | 974 | 7 |
43.420 | 5249 | 11 |
43.430 | 6943 | 15 |
43.440 | 2689 | 8 |
43.450 | 11589 | 17 |
Last trade - 11.10am 03/07/2024 (20 minute delay) ? |
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