re: get ready for the short ... jaysee Hi Jaysee ... ordinarily I don't attempt to place targets on swings and content myself with the business of analysing and if a reversal confirms will simply hang on for the ride ... I apply my stoploss to lock in and manage the trade accordingly.
Profit takers are overdue here which could see perhaps a modest reversal given no negative news ...
If a more substantial reversal then the first stop would be the Fib(23.6%) and previous reversal to $9.80 level.
The next target would be the Fib(38.2%) at $9.52 ... interestingly this also equates to recent uptrend Fib(61.8%).
Suffice to say the weakness today was expected and now decision time as to whether to get aboard ... I would like to see confirmation before entering here ...
Cheers ... tight stops.
This is only my view ... read the red stuff.
get ready for the short ..., page-4
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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 | $244.2M | 5.785M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4000 | $42.06 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $42.08 | 1000 | 2 |
View Market Depth
| Last trade - 16.10pm 29/07/2024 (20 minute delay) ? |
| BHP (ASX) Chart |