Afternoon Gents
Well what a cracking start to Q1. Gone long on BLT (BHP Billiton) today in the unloved mining sector.
*Mining Sector Doji posted on 29/03/2012 with the lower indicators (Stochs/RSI/MACD all turning up). There was also a Bullish MACD Divergence recorded on 30/03/2012
*BLT had an inverted Hammer posted 29/03/2012
*Stochs/RSI/Fast MACD line crossing Slower line
*Bullish MACD divergence recorded 30/03/2012
*Good buying volume last 2 days
*ATR exhausted indicating bears running out of steam
Kind Regards All
KullyB