BHP BILLITON | Heading Towards 16.00 ???BHP for the last two years has been quite the bullish pick of the ASX , after it's bear run from late 2014 it was an obvious investment for the long haul trader.
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Now into late 2018 , we can see that price is currently retesting structure at the range of DEC 201 3 and JUL 2014 . Currently ranging in the structure zone as displayed, accompanied by an RSI divergence, we have a strong reason to believe that price has completed its pullback and is headed on back down to the low of JAN 2016 .
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A break and close over the trend-line would place us in an ideal position to short the stock.
