Tuesday, June 21, 2011

BHP Trade Idea (long)

 BHP's downtrend channel is close to an upside breakout and wedging slightly.

 The hourly chart has shown a lot of improvement.

 The 10 min chart also looks very good.

This is the 1 min chart, which shows the possibility of a pullback.

Depending on your trading style, you may want to try to buy a pullback or wait for BHP to break the downtrend line around $91-$91.10

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