We retraced to 50% fib at $30.11, then moved up to 61.8% at $32.20.
Why do we keep moving back down like that?
My guess is that were I one of the Big Boys, I would look down the buy queue with mouth-watering glee, and sell down until those massive buy orders get hit.
They're like a school of minnows for a shark. Easy pickings.
Keep in mind that 1 in every 3 shares traded is a short, too.
today's chart, page-15
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 (20min delay)
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Last
$43.40 |
Change
0.410(0.95%) |
Mkt cap ! $220.2B | |||
| Open | High | Low | Value | Volume |
| $43.52 | $44.03 | $43.40 | $362.0M | 8.304M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 14238 | $43.39 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $43.44 | 25000 | 3 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| BHP (ASX) Chart |