BHP 0.02% $42.75 bhp group limited

Once it finishes this leg (this can only go on for up to ten...

  1. 2,541 Posts.
    Once it finishes this leg (this can only go on for up to ten days, but at this rate will finish in five) it will consolidate at these levels probably for three weeks at least.

    My calc for this leg is somewhere between $34 but it could beat this. It will then enter some sort of trading range that can be used as profit taking opportunities for derivatives holders. You can't hold all of your derivatives through the consolidation, they will lose too much value with the money/time equation ticking over.

    That's why accurate timing of the leg calls is so important.
 
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