BHP 2.16% $42.06 bhp group limited

I still like $44 at the moment. Just not sure if it is ready to...

  1. 42 Posts.
    I still like $44 at the moment. Just not sure if it is ready to pop the top yet. Has been in a range b/w $36-$40 for 13 weeks now, so a breakout above $40 would be quite explosive I would imagine.(that would be good).

    However I have been studying gaps lately and what I see is an exhaustion gap yesterday which are usually filled pretty quickly. There is some bearish divergence(also on RIO)which hasn't been confirmed yet. Also wary of the triple top. If my short term analysis turns out to be correct then I would set a target of $37 which would fill the breakaway gap. A nice little trade either way.

    Prosperous trading to you all.)
 
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