Lifesong

Billiton (BHP) short

Short
Lifesong Updated   
JSE:BHP   None
Week high price of just over 35000 is within Supply/Resistance/Sell zone made with 20 Jan high just over 35300
RSI on Daily & 240 min charts are oversold and correction is ensuing.

Sell entry @ 33200
Stop loss @ 34000
Profit target @30200

Risk = 800
Profit = 3000
Risk/Reward ratio = 3.75
Comment:
Sell @ 34400
Stop @ 35200
Target @ 30400
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