Toastman,
I have been looking at your charts on ncm and bhp, interesting, agree with NCm, but BHP not so sure. Looking at BHP, it has failed to cross the $34.98 50% retracement from peak of $49.99 and low of $20.00 on a few occassions, it is also forming the tip of the bearish rising wedge,(weekly bar) which can only mean a significant downleg. Look at RIO as well and it is in bearish flag pattern as well.
I just can't see the market turning to higher SP. Looking at fundamentals as well. USD getting weaker, XJO looking very overbought, DOW 30 very overbought, US banks need more capital injections, US second biggest mall owner falling into bankruptcy protection, china slowing down, China wanting trade in Yuan and getting away from USD, Japanses life insurers worried about USD debt, Gold charts showing inverted head and shoulders pattern, most gold charts showing bullish symbols, California and Ny State almost going into bankruptcy, rising unemployment, it goes on an on. People need to watch www.chrismartenson.com (crash course) and utube Peter Schiff's latest speech from the Austrian school of economics. Investors cannot keep ignoring this poor news. I think we are going to witness an economic powerhouse going under very soon with the collapse of the USD and then any company with USD debt will start to struggle, BHP and Rio being just a few.
- Forums
- ASX - By Stock
- BHP
- support
support, page-20
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add BHP (ASX) to my watchlist
(20min delay)
|
|||||
Last
$42.96 |
Change
0.570(1.34%) |
Mkt cap ! $217.9B |
Open | High | Low | Value | Volume |
$42.74 | $43.16 | $42.65 | $205.9M | 4.798M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 13803 | $42.95 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$42.97 | 35250 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 13803 | 42.950 |
2 | 4155 | 42.940 |
1 | 6523 | 42.920 |
2 | 37158 | 42.910 |
3 | 27461 | 42.890 |
Price($) | Vol. | No. |
---|---|---|
42.970 | 35250 | 1 |
43.000 | 2700 | 2 |
43.050 | 1750 | 3 |
43.100 | 120 | 2 |
43.110 | 221 | 1 |
Last trade - 16.10pm 28/10/2024 (20 minute delay) ? |
Featured News
BHP (ASX) Chart |