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Online Share Trading

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bhp billiton

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Not applicable
hi guys,whos long on bhp? pick of the day on summit tv for two days now.im long at 180-00.what do the traders think???
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5 REPLIES 5
Not applicable
good buy short.
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asylum
Super Contributor
bil was out of the bolinger bands at around the 179 -180 price so on a technical point i would go long was also oversold on the stochastic, omo.
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hs
Regular Contributor
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DA
Contributor
I'm long BIL this week, been in and out a couple of times. Comments on summit and others are regularly saying BIL is a better long term proposition than AGL, so I go long whenever price weakness sets in. Nothing too scientific, but it has worked well for me. If it does go the wrong way, I am prepared to sit on the loss as I believe it is a good share so will recover eventually,
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Not applicable
I believe BIL has already broken support going back to Nov'08. We can see a retracement to 190 to close the small gap in price but then it's down to maybe test the lows. A close below 180 will confirm this.
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