motleifaul
Long

Big windows to be closed

NYSE:BHP   BHP BILLITON LTD
39 11 1
It seems like Biliton found its bottom. There are 2 big windows waiting to be closed.
motleifaul jangseohee
Thank you for joining this idea. I even thought about Biliton as a strategic investment. I had not realized the bearish divergence of the MACD however. But the bottom of the monthly chanel as you show it supports the idea well.
Do you have an idea of Turquoise Hill (THQ)?
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jangseohee motleifaul
the arrow i shown is kind of pre-mature bullish hidden divergence but if it happen then it is really bullish as you can see that price isnt dropping anymore
http://www.babypips.com/school/high-school/trading-divergences/hidden-divergence.html
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motleifaul jangseohee
Thank you for the link, friend!
Reply
you are most welcome ^_^
as THQ has very little data and a gap at 18 that i am worrying about, it might not be filled, but if you long NOW, the risk is there
snapshot
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motleifaul jangseohee
I am not involved there yet but was just thinking about. Thank's for the chart.
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jangseohee motleifaul
no worries ^_^
when in doubt, i wont trade
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It doesn't look like an attempt to close any window any longer. Thus I am closing the position with loss now.
Reply
oop sorry about that
hope it is a small loss
snapshot
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motleifaul jangseohee
Yes, not substantial. It was a long August call. And I wanted to avoid the time value loss as I don't expect a very soon rise now. I agree that BHP is worth a strategic investment and will revert to this idea later.
+1 Reply
jangseohee motleifaul
i reckon you gotta monitor KOL and mining ETF
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