re: crashy writes bhp calls ... blackrussian Hi Blackrussian ... BHP has been in an uptrend since early May and has tested the Fib(61.8%) at $12.22 four times recently with a break out to the upside friday and today.
Both RSI and MACD signalled strongly overbought at that time.
Those LONG and not stopped out are nicely green.
Major resistance is a way off at $12.78 and friday's action created a gap at $12.27.
With such a strong upward move (8.2% in 6 weeks) it is hard to know exactly when the run will stop.
The choice is whether to wait to see what happens at $12.78 or go SHORT if BHP weakens and fills the gap at $12.27.
The next couple of days could be interesting.
Cheers ... tight stops.
This is only my view ... read the red stuff.
crashy writes bhp calls, page-68
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$41.63 |
Change
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Mkt cap ! $211.2B | |||
| Open | High | Low | Value | Volume |
| $42.00 | $42.20 | $41.58 | $447.3M | 10.70M |
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|---|---|---|
| 7 | 1239 | $41.60 |
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|---|---|---|
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