re: crashy writes bhp calls ... blackrussian Hi Blackrussian ... BHP has been in an uptrend since early May and has tested the Fib(61.8%) at $12.22 four times recently with a break out to the upside friday and today.
Both RSI and MACD signalled strongly overbought at that time.
Those LONG and not stopped out are nicely green.
Major resistance is a way off at $12.78 and friday's action created a gap at $12.27.
With such a strong upward move (8.2% in 6 weeks) it is hard to know exactly when the run will stop.
The choice is whether to wait to see what happens at $12.78 or go SHORT if BHP weakens and fills the gap at $12.27.
The next couple of days could be interesting.
Cheers ... tight stops.
This is only my view ... read the red stuff.
crashy writes bhp calls, page-68
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Last
$43.79 |
Change
-1.070(2.39%) |
Mkt cap ! $222.1B | |||
| Open | High | Low | Value | Volume |
| $44.90 | $45.61 | $43.34 | $552.4M | 12.46M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 14 | $43.79 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $43.81 | 33411 | 1 |
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| Last trade - 16.10pm 08/10/2024 (20 minute delay) ? |
| BHP (ASX) Chart |