BHP 0.70% $39.73 bhp group limited

how much lower, page-7

  1. 582
    692 Posts.
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    zara12

    just my thoughts-daily chart.
    3 out of 4 of my indicators are trending off at present.
    the 38.2% fib support line is at around $31.30. if the SP breaks this support the 61.8% fib support line $29.90 is the one i will be looking at for support.
    the 50 dma is at around $30.50 area but still trending up.
    i think this is a short term down trend inside a longer up channel.(from the 5/12/2008 untill now)
    i sold the other day at $33.18 and will be looking to buy back in when my indicators give a positive up trend sign. between the 50 dma $30.50 and the 61.8% fib $29.90 would be nice.
    i hope this helps.


    have a good one.

    582


 
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