BHP 0.37% $43.40 bhp group limited

will be up more tonight, page-31

  1. 2,718 Posts.
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    re: china - import of copper grows Hi Schnitzel, Hope u made a motza on bhp shorts.
    i should have said i do believe bhp will dip up to 5% . It was easy money for a week or so and thats generally a sign of a correction. I had stats of the % gain for each wave up and down for the last 2 years but cant find it. If this is the top of the latest up wave then it could go down about 10 to 15%, b 4 continuing up. If its a correction due to profit taking (prob IMHO) and still going up to new highs then it may dip to $25.80 (hit today) then $23.80/$24.00 is next support tho i use this term loosely as bhp has gone vertical from $21.50 in 3 weeks.Major support at $21.30/$21.50/$21.70 .band I think with current outlook im looking at $25.50 b 4 going long, buying up if it goes down lower and holding the lot till it goes back up as per usual.
    I keep looking at my chart and cant help but keep thinking bhp has broken up and out due to poss rerating , support from anyone that has some cash to invest. etcand if so then it will test $26.60 very much sooner rather than later.
    cheers.
 
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