BHP 1.35% $38.81 bhp group limited

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  1. 582
    692 Posts.
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    hi all.
    more downside to in the sp today after a .74% fall in the dj and a .87% fall in the bhp adr sp.
    weekly. my weekly indictors are still in a sell with a fib support target of 42.71. if broken then there looks to be lots of fib support in the 41.01 and 40.93 area.
    if the sp hits the 42.70 target this week that should see the sp also so hit the lower bollinger band.
    daily. there was no follow through in the daily buy signal from last week, one concern is the sp (last week) only advanced up to the first small fib resistance level then down again, that is a sign of a very weak sp.
    the sp could trend sidways for sometime now trying to form a bottom on the daily but with the weekly still in a sell we could see 42.71 some time this week?
    i will be interested in the volume this week, if the sp trends down on small volume that could set us up for a bounce.
    just my 2c worth.

    have a good one.

    582

 
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