hi jaysee,
i think you're pretty much right regarding the shorting potential of BHP atm, particularly given the possibility of a shallow flat wave 4 or, even worse, a triangle.
it should be viable to get in and squeeze some profit out of it if the cap of $10.37 holds true, in which case the target range of $10.05 - $9.72 (from memory) should prompt a quick exit. if a triangle, then breakeven should still be within reach.
if BHP decides to extend wave 3(v) above $10.37, i'll tend to lose interest in it for the time being...
as you say, Wave 5 up should be just around the corner... and then Wave II down...
regards,
Ultrafart.
ripe for shorting?, page-5
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Last
$43.67 |
Change
0.270(0.62%) |
Mkt cap ! $221.4B | |||
| Open | High | Low | Value | Volume |
| $43.95 | $43.95 | $43.62 | $217.0M | 4.958M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 8935 | $43.67 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $43.70 | 10000 | 1 |
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| Last trade - 16.10pm 15/07/2024 (20 minute delay) ? |
| BHP (ASX) Chart |