Hi Everyone, there is a sell setup playing out here for BHP on the London Stock Exchange. We are waiting for the break of the lower trend line and then will watch it on a lower time frame for a retest and rejection. There is also a potential for it to bounce up to the top trend line where there would be another opportunity to sell although that would be higher risk.
NYSE:BHP 02JUN16 (Daily) - Low risk short trade if the market re-tests lows after a solid post brexit rebound. BHP should revert and test back at around $26.
If you've been paying attention to headlines about Brazil recently, the term "impeachment" seems to be all over the place. But what's really driving prices upwards in the country's stock market? Is it the daily swaying impeachment probability or something else? Today's stock to be analysed is VALE, the Brazilian iron ore producer. The chart's left side is late...