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
$42.30 |
Change
0.760(1.83%) |
Mkt cap ! $214.5B |
Open | High | Low | Value | Volume |
$41.32 | $42.30 | $41.18 | $505.2M | 12.01M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 1220 | $42.20 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$42.30 | 12134 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 1220 | 42.200 |
1 | 1200 | 42.120 |
1 | 12 | 42.110 |
1 | 200 | 42.100 |
1 | 780 | 42.090 |
Price($) | Vol. | No. |
---|---|---|
42.320 | 11562 | 4 |
42.350 | 17169 | 3 |
42.380 | 120 | 1 |
42.400 | 730 | 2 |
42.420 | 11239 | 6 |
Last trade - 16.10pm 31/07/2024 (20 minute delay) ? |
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