BHP 0.90% $43.56 bhp group limited

share price, page-42

  1. 582
    692 Posts.
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    hi all.
    interesting to see the bhp adr (up 1.05%)once again out performed the dow (up .65%)overnight.
    most of my daily indicators have now bottomed and should confirm a possible swing low.
    my oil and copper daily charts are also now forming a possible swing low.
    if we close above the close from the 6/5/2011 44.51 today, this to me is bullish.
    but my weekly charts are still trending down? i feel what we need to see is follow through from the daily buy signals, that follow through could see the start of weekly indicators turning up.
    we may close the gap from yesterday trading first.
    i have fib resistance a 45.01 (hit today)with strong fib resistance at 46.01 and 45.85.
    if we can break this strong fib resistance level that could see weekly players closing out shorts and going long?.
    for me i will be looking for possible follow through in the sp next week.
    any comments would be great.
    just my 2c worth.

    have a good one.

    582






 
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