A sharp and decisive move with BHP.LSE ( Ticker Code BLT, London Stock Exchange) as of this writing 22:50 23/12 Melbourne time. The GFC low for BHP.LSE was 731.50 British Pounds and as of this writing it is trading at 828.10 British Pounds. What this tells me that the major intra month support break with BHP.LSE is now nothing other than a whipsaw break, should the price action close above the GFC low of 731.50 by the month’s end. EOM close.
Lots of short covering and potential smart money presence at current levels reaffirming the support with BHP.LSE.
Can the similar price action behaviour follow suit with BHP.NYSE & BHP.ASX at the next trading session ? let’s wait and see.
Charts are courtesy of StockCharts.com
Below is the Monthly Chart of BHP.LSE ticker code BLT.
Below is the Daily BHP.LSE Chart, ticker code BLT up almost 7% as of this writing.
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