Yeah the market has been nasty to trade for a trend follower like me lately.
The breakdown in BHP price below $27.30-28 support levels should indicate a very substantial fall is imminent - like a retest of the bottom at $20 - and of course I am heavily short.
However - the action today has been making me very suspicious that this is yet another false breakdown - especially with RIO and FMG holding their support. Hope it allows me to get out without too much damage!.
Yeah the market has been nasty to trade for a trend follower...
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Last
$43.56 |
Change
0.390(0.90%) |
Mkt cap ! $220.9B | |||
| Open | High | Low | Value | Volume |
| $43.64 | $43.73 | $43.26 | $211.2M | 4.849M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 11133 | $43.55 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $43.57 | 5435 | 3 |
View Market Depth
| Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
| BHP (ASX) Chart |