BHP’s share price has arrived at a potential inflection point.

It’s been pushed back to trend line support for the 4th time since October. It might pay to allow a bit of tolerance about precisely where the support lies. However, chartists will be watching what happens here over the next few days. A clear break below BHP chart support might be significant, not only for BHP shareholders but as an overall indicator of market sentiment towards resource stocks.

BHP chart support Click to enlarge BHP chart support
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