RobbyP

H&S on BHP-

Corto
JSE:BHP   None
I know technical analysis is a very subjective skill but this looks like a very bearish Head and Shoulders pattern to me. There is also a very sneaky bearish moving average cross over where a few days ago the 50 day moving average crossed below the 200 day moving average. I am well aware that BHP is trading right on trend but the indicators I see outweigh the support line. I am looking to get short just below 320.00 with a target of waaay down at 280.00 which would complete the head and shoulders (the one that i see anyway). Oh! my stop loss would be at R331.00 (robp@unum.co.za)
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