16th May at $43.52 I suggested looking at the longer trend charts. Also noted that a close below $42.20 on weekly and then monthly charts would be telling.
Today BHP is dropping below 42.20 on a daily and still looks DOWN.
Sure the funds will case a rally and sell BUT do I believe the daily machinations or the charts?
Many writing here seem to repeat the trite found on the media re Greek debt. Note: Greece, Spain, Portugal, Italy etc debt is owed primarily to France and Germany and ...... so who's, in trouble?
Last year as I traveled from Changhai by train I saw express ways many incomplete, all with a few vehicles only and small truck. Village after village seemingly in the middle of nowhere with tens of tall units often (grouped in approx 10 and 5+ deep) what wed call a town etc but few people and many incomplete..... it's a bubble.
So back to the charts. The trendline from the low in 2008 has been broken....next drop and rally back to trend line and then fail.
I think the banks are in the same position and the AUD$ also. goodbye Australia.
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Last
$43.56 |
Change
0.390(0.90%) |
Mkt cap ! $220.9B |
Open | High | Low | Value | Volume |
$43.64 | $43.73 | $43.26 | $211.2M | 4.849M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 11133 | $43.55 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$43.57 | 5435 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 281 | 45.730 |
1 | 21 | 45.700 |
5 | 5638 | 45.690 |
1 | 100 | 45.000 |
5 | 2510 | 44.950 |
Price($) | Vol. | No. |
---|---|---|
39.210 | 7540 | 4 |
41.000 | 4559 | 14 |
41.390 | 755 | 2 |
42.200 | 3168 | 6 |
42.300 | 2254 | 3 |
Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
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BHP (ASX) Chart |