Re that possible ABC style long trade
Many Gann traders will note that BHP opened well outside the 25% - 33% price increase range for Point C, reducing the RRR. IMO, some who will still take the trade will move their stops higher.
Given that recent sustained high levels of short-selling have not prevented the previous swing high [ie. resistance] of $41.36 from being taken out, as well as the $41.53 Wave 1 low for the bearish weekly Elliott Wave, BHP is now looking at some relatively blue sky!
Please remember that I have no qualifications to be recommending such trades / strategies and wish all traders the best of good fortune.
4YIO-NFA-PDYOR
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Last
$42.68 |
Change
-0.470(1.09%) |
Mkt cap ! $216.4B |
Open | High | Low | Value | Volume |
$42.71 | $43.20 | $42.68 | $463.8M | 10.82M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 13572 | $42.68 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$42.70 | 457 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 1234 | 42.670 |
7 | 2335 | 42.660 |
11 | 5368 | 42.650 |
2 | 822 | 42.640 |
3 | 1292 | 42.630 |
Price($) | Vol. | No. |
---|---|---|
42.800 | 610 | 1 |
42.810 | 10000 | 1 |
42.820 | 17522 | 1 |
42.830 | 50000 | 5 |
42.900 | 1500 | 1 |
Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
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