wxyz...I just think the stock may be exhausted short term,
BHP was trading nearly $32 on Tuesday or 3 trading days ago, that in itself is a 25% drop.
Its trading very close to support levels, a big move like we have just had and good support is enough for me to take a punt, if im wrong i will lose 2% + costs unless the stock gapped down severly.
The next real strong support that is similar is at $12, very unlikely to happen as a next target in the short term, in 6 months or so who knows, nothing is impossible.
I dont use indicators, and no need for double bottom in my books, each to their own...
medium term price, page-17
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Last
$38.45 |
Change
-0.460(1.18%) |
Mkt cap ! $195.0B | |||
| Open | High | Low | Value | Volume |
| $39.00 | $39.07 | $38.28 | $323.2M | 8.359M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 1696 | $38.45 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $38.46 | 24810 | 1 |
View Market Depth
| Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
| BHP (ASX) Chart |