Candlestick

The BHP stock price has fallen considerably over the past week given the dramatic falls in commodity process this week. BHP closed the week much lower at $28.74 compared to last week's close of $31.72. Given the recent price movements BHP still remains my favourite stock to trade because of its liquidity and volatility.

I personally don’t track the S&P500 because I tend to only trade the Australian Stocks as well as forex. Keep in mind this is just an exercise of technical analysis using candlesticks. Last week the S&P closed above [A] an established resistance point as established by existing support resistance theory as well as candlestick theory.