All quiet here on the BHP front, so i thought i might divulge my BHP trading plan for tomorrow.
A couple of days ago (22.09.08 at 18:07) i posted:
"I would be looking for a pullback in the next couple of days, a partial close of todays gap at least"
Well, the pullback has occurred and the gap has partially closed.
But where to next?...
I think this move within the gap might have a bit further downside, tomorrow im hoping for a tailed candle bouncing off support within the gap.
This support level at $X will be revealed tomorrow when i take a long position.
$X will not be revealed tonight just in case petulant hotcopper investors jump in before me and i dont get served!!
Exiting the position once the SP comes into contact with the downtrend line at approx $39.50 or there abouts.
If the SP opens above $38, ill be going long pre-trade.
This is not a long term hold, analysis of the monthly chart and its potential downside risk scares the pants off me.
(p.s. I only wish it scared the pants off my wife as well !!!!)
- Forums
- ASX - By Stock
- BHP
- where to next
where to next
-
- There are more pages in this discussion • 52 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add BHP (ASX) to my watchlist
(20min delay)
|
|||||
Last
$42.68 |
Change
-0.470(1.09%) |
Mkt cap ! $216.4B |
Open | High | Low | Value | Volume |
$42.71 | $43.20 | $42.68 | $463.8M | 10.82M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 13572 | $42.68 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$42.70 | 457 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 1234 | 42.670 |
3 | 514 | 42.660 |
8 | 4807 | 42.650 |
1 | 588 | 42.640 |
3 | 1292 | 42.630 |
Price($) | Vol. | No. |
---|---|---|
42.800 | 610 | 1 |
43.000 | 1600 | 1 |
43.050 | 1700 | 1 |
43.150 | 4965 | 7 |
43.170 | 494 | 2 |
Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
Featured News
BHP (ASX) Chart |
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online