Rem,
I agree with your analysis however I would be interested to know what sort of move you would be looking for in your short position. Reason I ask is that, on my analysis, BHP (and RIO) having broken major downtrends in place for 18 months appear to be heading up in a significant way.
I would think that any movement downward for BHP would only be corrective in nature - with a maximum downside target to about the $9.30 level before resuming its uptrend (ie about a 50% retracement).
RIO on the other hand appears ready for another move up in the next week or so - a catch up to BHP which has risen 24% to RIO's 17.5%?? BHP seems to be leading RIO at the moment.
Would be interested in your thoughts.
Regards,
Jaysee
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Last
$42.07 |
Change
-0.030(0.07%) |
Mkt cap ! $213.3B |
Open | High | Low | Value | Volume |
$42.29 | $42.43 | $42.07 | $244.2M | 5.785M |
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No. | Vol. | Price($) |
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Price($) | Vol. | No. |
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No. | Vol. | Price($) |
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4 | 1014 | 42.050 |
1 | 2930 | 42.040 |
3 | 1605 | 42.030 |
1 | 600 | 42.020 |
Price($) | Vol. | No. |
---|---|---|
42.080 | 1000 | 2 |
42.120 | 1000 | 1 |
42.180 | 539 | 2 |
42.190 | 1577 | 1 |
42.230 | 1000 | 1 |
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