Just looking at the 3 yr chart on BHP...
In my opinion, this is the last time you will buy BHP for $25.00.
We have got to a point where a small amount of good info will get the price kicked up above $26.00, then it's up the stairs to 30 bucks.
If you just look at the organic shape of the chart alone, I could assume $30.00 is inevitable, question is...when?
I think it's looking like sometime soon i.e. in the next 2-3 months.
18/5/2005 was the last turn around like this one looks like at around $15.80.
I was sitting in a bar back then and talking to a miner from Moranbah and he was convinced that the price would continue to fall, I thought otherwise (Only the shape of the chart made me think this). I said it would probably continue up past $20 bucks. Only 4 months later it got there.
I didn't hold BHP then but now its 30% of my stock.
Just my opinion.
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Last
$43.65 |
Change
0.490(1.14%) |
Mkt cap ! $221.3B |
Open | High | Low | Value | Volume |
$43.33 | $43.65 | $43.18 | $216.8M | 4.982M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 379 | $43.58 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$43.66 | 18948 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 379 | 43.580 |
1 | 500 | 43.570 |
3 | 422 | 43.500 |
3 | 43238 | 43.470 |
1 | 50 | 43.460 |
Price($) | Vol. | No. |
---|---|---|
43.660 | 12943 | 6 |
43.670 | 8943 | 6 |
43.680 | 1926 | 3 |
43.690 | 681 | 2 |
43.700 | 11720 | 6 |
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