BHP 0.85% $44.39 bhp group limited

get ready for the short ...

  1. 5,822 Posts.
    Hmmm... those enjoying the LONG ride up might like to ponder whether it is time to take profits and ready for the SHORT which is looking more likely with each positive day ... as the sage once said "wot goes up ... etc..."

    RSI is way overbought as is MACD which seems poised for the next swing ...

    BHP recently burst through Fib(61.8%) level without so much as a blink on it's way toward Fib(100%) which appears to be the next stop at $10.32.

    We will look for confirmation before entering SHORT and like either SOLD CALLS (BHP3I) or BOUGHT PUTS (BHP2J).

    Chart looks like this ...


    Cheers ... tight stops.


    This is only my view ... read the red stuff.

 
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$44.39
Change
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$44.52 $44.68 $44.21 $228.3M 5.147M

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No. Vol. Price($)
1 93 $44.38
 

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$44.40 13049 4
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Last trade - 16.10pm 05/07/2024 (20 minute delay) ?
BHP (ASX) Chart
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