re: weak (chart update) morning, Commy. glad you said 'cautiously'. amory would not like to convey the idea that BHP is technically the ideal short. take a look at last august/september when they were in overbought (RSI > 70) for about six weeks before turning downwards & even then, not by very much & resumed uptrend.
were I not expecting overall weakness in the market within a few days, I wouldn't touch them for a short at this point. they've burnt me in the past.
~/. .\~
P.S. the gold/currency fluctuations are adding another unknown, not taken into account on friday.
weak, page-14
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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 |