Monday, August 16, 2010

BHP as at 16/8/2010

BHP was down a bit on Monday after a big rise on Friday. It is now bracketed by the 13/39-DaySMAs and in a short symmetrical triangle. A break either way should decide near-term direction.

The RSI.14 has broken its up-trend line. That's not a good sign, but is still holding above the 50 Line. A break below that would be bearish.

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