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 !!!!)
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Last
$40.01 |
Change
0.800(2.04%) |
Mkt cap ! $202.9B |
Open | High | Low | Value | Volume |
$40.07 | $40.25 | $39.67 | $474.9M | 11.69M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 15864 | $40.01 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$40.03 | 1196 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 15864 | 40.010 |
7 | 8039 | 40.000 |
1 | 5000 | 39.960 |
1 | 30 | 39.930 |
2 | 107 | 39.910 |
Price($) | Vol. | No. |
---|---|---|
40.030 | 1196 | 1 |
40.040 | 868 | 3 |
40.060 | 7044 | 2 |
40.070 | 8623 | 2 |
40.090 | 2197 | 2 |
Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
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BHP (ASX) Chart |