TARGET 729
The Major trend of BHP-BILLITON PLC it is showing weakness for selling If it crooses the support level then one can initiate selling position in the stock. If it breach the level of 739 then it can test level for the target of 729 with the stop loss of 749
CHART FORMATION:-
Stock is trading in a range and trading near the trend line. Breaking the support line will lead to downside movement. Stock is trading down the 50 DMA with negative bias.
INDICATORS:-
RSI is trading near to 45 levels with negative bias, in upcoming session downside movement is expected.
MACD and Signal line is sustained below the zero level line.
The Major trend of BHP-BILLITON PLC it is showing weakness for selling If it crooses the support level then one can initiate selling position in the stock. If it breach the level of 739 then it can test level for the target of 729 with the stop loss of 749
CHART FORMATION:-
Stock is trading in a range and trading near the trend line. Breaking the support line will lead to downside movement. Stock is trading down the 50 DMA with negative bias.
INDICATORS:-
RSI is trading near to 45 levels with negative bias, in upcoming session downside movement is expected.
MACD and Signal line is sustained below the zero level line.