Hi NL,
The break on the U.S. market last night by BHP below that gently rising oblique support line is marginal. Volume was the lowest since late November. Marginal break on low volume? Not very convincing.
The stock on the U.S. chart is oversold.
Major horizontal support lies below.
I think any prediction on the basis of last night's action is premature. Let's see what tonight brings.
Redbacka
ring in tuesday., page-47
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