You've lost me kiwiboy. What is that chart supposed to show? I have practically made a living shorting BHP but am very uncertain of the current position.
Normally a rally to the h&s neckline would be a major reason to hock the house and short - but with a gap up? Forget it.
As I posted a while back, if a H&S fails to reach its target ($7.50 in this case) it's a very bullish sign of complete change of sentiment. I believe that may well have happened - with the market now looking away from USA and towards China, which is where it should be looking.
So if BHP goes higer -all bear calls are off and get on for the new oil/gas bonanza
I was fortunate enough to get a classic ricochet buy on 5000 WPL at 13.52 - so we'll see where that one goes.
Moving fast, page-17
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Last
$41.76 |
Change
-0.900(2.11%) |
Mkt cap ! $211.7B | |||
| Open | High | Low | Value | Volume |
| $42.02 | $42.09 | $41.75 | $565.3M | 13.46M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 176 | 109821 | $41.75 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $41.80 | 17792 | 2 |
View Market Depth
| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| BHP (ASX) Chart |