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
$42.90 |
Change
-0.250(0.58%) |
Mkt cap ! $218.6B |
Open | High | Low | Value | Volume |
$42.71 | $43.20 | $42.69 | $240.4M | 5.587M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 18259 | $42.68 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$42.69 | 35582 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 18173 | 47.190 |
1 | 287 | 46.110 |
3 | 7181 | 45.900 |
1 | 938 | 45.570 |
1 | 1943 | 45.190 |
Price($) | Vol. | No. |
---|---|---|
37.490 | 1374 | 1 |
38.610 | 44340 | 6 |
38.730 | 14786 | 4 |
39.130 | 19296 | 2 |
39.430 | 849 | 1 |
Last trade - 15.59pm 28/06/2024 (20 minute delay) ? |
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BHP (ASX) Chart |
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