BHP Billiton Looks Good From the Long Side

After a correction earlier this year, BHP Billiton (BHP) made a small double-bottom pattern in May and June. Prices have climbed steadily over the past few weeks, and are now poised for a test of their January highs.

Let's check the latest charts and indicators to see if prices can follow through on the upside. In this daily bar chart of BHP, below, we can see a rally and a correction that dominated much of the past twelve months. From last July until late January, BHP traded higher, with a rising 50-day moving average line and a rising 200-day average line....341 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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