Satış
BHP Billiton's bullish run is taking a breather
$JSE:BIL has had a solid bullish run since the start of 2016. After falling to a low of R136.30, the share price has steadily risen, reaching a recent high of R326.73. But the mood on the stock might just have changed...
If you look at the short-term trend-line, you can clearly see it's been broken. Where it found support before, it has now found resistance.
In addition, you can also see a clear divergence on the MACD. As $JSE:BIL was reaching new highs, the MACD was continuously moving lower. The MACD is also now firmly in bearish territory, indicating $JSE:BIL is in a bearish trend.
The Slow Stochastic also recently indicated the stock was overbought. And although it is no longer in overbought territory, I do think the share price will continue to weaken.
With all of this in mind, I am going to short $JSE:BIL.
Action: Place a Limit order to SELL at R297 with a Stop Loss set at R312. I will aim to take profit at R280 and R270 respectively.
Margin: 14%
Gearing: 7.14x
Gain: +64.94%
Risk: -36.08%
If you look at the short-term trend-line, you can clearly see it's been broken. Where it found support before, it has now found resistance.
In addition, you can also see a clear divergence on the MACD. As $JSE:BIL was reaching new highs, the MACD was continuously moving lower. The MACD is also now firmly in bearish territory, indicating $JSE:BIL is in a bearish trend.
The Slow Stochastic also recently indicated the stock was overbought. And although it is no longer in overbought territory, I do think the share price will continue to weaken.
With all of this in mind, I am going to short $JSE:BIL.
Action: Place a Limit order to SELL at R297 with a Stop Loss set at R312. I will aim to take profit at R280 and R270 respectively.
Margin: 14%
Gearing: 7.14x
Gain: +64.94%
Risk: -36.08%
İşlem aktif
SL Ajustment:Adjust SL to R292 and lock in a gain of 12.03%!
Not
Trade hit adjusted SL at R292 and is now closed for a final gain of 12.03%.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.