BHP 1.26% $41.54 bhp group limited

tail spin down to 30, page-37

  1. 7,728 Posts.
    Price hit the lower bollinger band today, which should give us a bounce. (Metals and US futures are up which gives weight to this)

    Bollinger bands are very tight which usually preceeds a big move --up or down.

    Other interesting aspects of the daily: confluence of moving averages. If the 9-day (green) crosses down 25-day blue, we'll know a retrace is definitely on.

    The (yellow) 50-day moving average has made a rare penetration outside the lower band.... often this can preceed a move down too.


 
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