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
info, page-47
Add BHP (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$41.64 |
Change
-0.120(0.29%) |
Mkt cap ! $211.1B | |||
| Open | High | Low | Value | Volume |
| $41.75 | $41.77 | $41.35 | $254.3M | 6.119M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 16260 | $41.63 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $41.66 | 8400 | 2 |
View Market Depth
| Last trade - 16.10pm 22/07/2024 (20 minute delay) ? |
| BHP (ASX) Chart |