tradersams blog

well – lost out on the short trade today.  The short trade was in a warrant with a hurdle at 29 which was clearly penetrated today, closing my position.

bhp today

But the long trade is still looking good.  A definite penetration of resistance in early trade was quickly stopped in its tracks  to stop around the resistance line.

Should resistance be penetrated it could be expected to become support, and the long trade will continue – otherwise we could be approaching its limit in a dip over the next day or two.