Stock Technical indicators to notice in BHP BILLITON LIMITED (BHP.BA)
1- Last bearish trend was from 380.80 $ (2/7/2012) to 357.30 $ (3/5/2012) a 23.50 $ move 2- The current bullish trend started from 357.30 $ at 3/5/2012 and is currently trading at 395.70 $.
BHP BILLITON LIMITED (BHP.BA) Short term stock chart patterns for internet stock trading :
4- The Stock was supported by a support line, identified by two points: 357.300 and 325.350, and is currently supporting at 373.275.
BHP BILLITON LIMITED (BHP.BA) Mid term stock chart patterns for internet stock trading :
5- The Stock was supported by a support line, identified by two points: 357.300 and 325.350, and is currently supporting at 373.275.
BHP BILLITON LIMITED (BHP.BA) Long term stock chart patterns for internet stock trading :
6- The Stock formed Double Top Pattern at 373.250 that failed, and formed a support .
7- The Stock formed a 61.200 $ height triangle which was broken up at 395.700, target of the pattern is 456.900.
Stock Trading Conclusion:
BHP BILLITON LIMITED (BHP.BA) was trading in a bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading .
Stock Resistance Levels : 456.90.
Stock Support levels : 386.64, 381.03, 376.50, 373.27, 371.97, 368.73,.
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