A double bottom in BHP can be seen around 25 Sep 06 and 15 Jan 07. The latter bottom is the start of and a-b-c pattern. Carrying this pattern forward, the 100% resistance is encountered on 9th May 07 but finally broke through around 1 June 07.
On 14 June 07, the day of massive gains for BHP, the price shot pass the 133% level which is $33.60 to end the day at $33.90. The question going forward into a highly volatile market is can the 133% level be a point of attraction which caused the stock to retrace? Or can it shoot all the way to 150% at $34.50?
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