Corrections are notoriously hard to predict and trade. It seems pretty much confirmed now though that the second half of the big bear rally is under way after last Friday's selloff.
CSL caught me by surprise last Thur by finally breaking upward out of its reverse H&S (cup and handle) setup, first target 38, second 41. Now it seems likely that BHP will also finally follow suit for the second half of the big rally, target $42.
Those stocks that made new lows (banks, retail)or hit double bottom (construction) should now be in wave 1 recoveries.
Long CSL, BHP. looking at the rest
- Forums
- ASX - General
- second half of bear rally under way
Corrections are notoriously hard to predict and trade. It seems...
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online