BHP 0.37% $43.40 bhp group limited

ripe for shorting?, page-35

  1. 768 Posts.
    ULTRA
    isalnd top reversals are generally quite strong signals. I would think this may be an ABC move (not that i know much about elliot wave theory, but i would expect a reasonable move lower) . Using past charts, as a guide only, BHP typically retreats about 5-7% after such large moves away from its MA . . . and this was its largest move away from its MA that i have seen.

    Kman
 
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